FITT LAWTON W 4

What Happened FITT LAWTON W, a director of Ciena Corporation (CIEN), received two grants of restricted stock units (RSUs) on 2026-03-26: 605 RSUs and 257 RSUs, for a total of 862 RSUs. The filing reports an acquisition price of $0.00 per share (typical for RSU grants); the RSUs vest in full on the first anniversary of the grant date (per footnote F1). This is an award/grant (A) rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-26 (filed with the SEC on 2026-03-30). Filing appears to be timely (filed within required business-day window).
• Grant detail: 605 RSUs @ $0.00 and 257 RSUs @ $0.00, total 862 RSUs.
• Shares owned after transaction: not specified in the provided data; the filing notes reported shares include unvested RSUs (footnote F2).
• Footnotes: F1 — RSUs vest in full on the first anniversary of the grant; F2 — reported shares include unvested RSUs.
• Transaction code: A = Award/Grant.

Context RSUs are a form of equity compensation that convert into company shares if and when they vest; they are reported as acquisitions at $0 because the recipient pays no cash at grant. Because these RSUs are unvested and subject to a one-year vesting schedule, they do not represent immediately tradable stock. Awards to directors are common and typically part of regular compensation rather than an immediate market signal.