Gage Brodie 4
4 · CIENA CORP · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
CIENA (CIEN) SVP Gage Brodie Sells Shares to Cover Taxes
What Happened
Gage Brodie, SVP Global Products & Supply at Ciena (CIEN), had 1,934 shares withheld on June 20, 2026 to cover tax liabilities related to vested equity. The withholding occurred in five lots (204 / 442 / 669 / 388 / 231 shares) at $428.22 per share, with dollar amounts of $87,357; $189,273; $286,479; $166,149; and $98,919 respectively — total value ≈ $828,177. These transactions are reported with code F (tax withholding/disposition).
Key Details
- Transaction date and price: 2026-06-20 at $428.22 per share (all lots).
- Shares withheld: 1,934 shares; total value ≈ $828,177.
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Footnotes: Withholdings relate to RSU/PSU awards from various grant dates (12/13/2022, 10/27/2023, 12/12/2023, 12/17/2024, 12/16/2025). Footnote F2 notes reported shares include unvested RSUs and PSUs; several acquisitions were previously reported on earlier Form 3/4 filings.
- Filing date and timeliness: Form filed 2026-06-23 for a 2026-06-20 transaction (filed three calendar days later). Form 4s are generally due within two business days; check the SEC filing for any late (“L”) designation.
Context
Code F transactions are routine tax-withholding dispositions tied to equity awards (RSUs/PSUs) — not an open-market sale by the insider. Such withholdings are common at vesting and typically do not signal a change in the insider’s view of the company. This report documents withholding amounts and linked award grant dates; it does not provide evidence of additional buying or selling activity by the insider.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-06-20$428.22/sh−204$87,357→ 42,537 total - Tax Payment
Common Stock
[F3][F2]2026-06-20$428.22/sh−442$189,273→ 42,095 total - Tax Payment
Common Stock
[F4][F2]2026-06-20$428.22/sh−669$286,479→ 41,426 total - Tax Payment
Common Stock
[F5][F2]2026-06-20$428.22/sh−388$166,149→ 41,038 total - Tax Payment
Common Stock
[F6][F2]2026-06-20$428.22/sh−231$98,919→ 40,807 total
Footnotes (6)
- [F1]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 10/27/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 10/31/2023.
- [F2]Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- [F3]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 3 filed on 10/31/2023.
- [F4]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/12/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023.
- [F5]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/17/2024. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/19/2024.
- [F6]Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award agreement dated 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025.