GALLAGHER PATRICK 4

What Happened Patrick Gallagher, a director of Ciena Corp (CIEN), was granted 605 restricted stock units (RSUs) on 2026-03-26. The award is reported at $0.00 per share (typical for RSU grants) — no cash was exchanged. These RSUs are unvested at grant.

Key Details

• Transaction date: 2026-03-26 (Form filed 2026-03-30).
• Transaction type/code: Award/Grant (A).
• Shares granted: 605 RSUs; reported grant price $0.00.
• Vesting: RSUs vest in full on the first anniversary of the grant (footnote F1).
• Reported ownership: Filing notes reported shares include unvested RSUs (footnote F2). Total shares owned after the grant are not specified in the provided excerpt.
• Timeliness: Form 4 was filed on 2026-03-30; this is within the typical 2-business-day filing window for a 2026-03-26 transaction.

Context This was a compensation award (RSUs), not a purchase or sale. RSU grants are routine for directors and executives and represent future equity compensation rather than an immediate market investment or divestment. Because the shares are unvested and subject to future vesting, this grant alone should not be interpreted as a direct bullish or bearish trading signal.