Ciena Corp President & CEO Gary B. Smith Disposes Shares for Tax Withholding
CIENA CORP
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Filing Summary
CIENA CORP ($CIEN) Form 4 Alert
Insider: SMITH GARY B (President & CEO)
Action: Disposed (Tax Withholding - Code F)
Shares Transacted: 8,767 @ $348.80
Total Value: $3,057,929.60
Shares Held Post-Transaction: 231,359
Date: 2026-09-20
Comprehensive Analysis
Insider Transaction Overview
On September 20, 2026, Gary B. Smith, President & Chief Executive Officer and Director of CIENA CORP ($CIEN), disposed of a total of 8,767 shares of Common Stock at an average price of $348.80 per share, amounting to an aggregate transaction value of approximately $3,057,930.
Transaction Details
- Nature of Transaction: Code
F– Mandatory share withholding to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs) granted across 2022, 2023, 2024, and 2025 awards. - Direct vs. Indirect: All shares were held directly.
- Post-Transaction Holdings: Following the dispositions, Mr. Smith holds 231,359 shares directly, which includes unvested RSUs and Performance Stock Units (PSUs).
Market & Trading Significance
This transaction carries Low trading significance as it does not represent discretionary open-market selling. Dispositions coded 'F' are routine administrative events executed pursuant to equity compensation plans to fulfill statutory tax obligations upon RSU vesting.
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