Ciena Corp EVP Jason Phipps Disposes Shares for Tax Withholding
CIENA CORP
Subscribe to track CIEN
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
CIENA CORP ($CIEN) Form 4 Filing Alert
Insider: Phipps Jason (EVP & Chief Customer Officer)
Transaction: Tax Withholding (Code F) - Disposition
Date: 2026-09-20
Shares Disposed: 2,365 @ $348.80
Total Value: $824,912.00
Shares Held Post-Transaction: 60,017
Significance: Low (Routine Tax Withholding)
Comprehensive Analysis
Overview
On September 22, 2026, Jason Phipps, EVP & Chief Customer Officer of CIENA CORP ($CIEN), filed a Form 4 detailing dispositions of Common Stock on September 20, 2026. The transactions were coded F, indicating shares withheld to satisfy tax liabilities associated with the vesting of restricted stock units (RSUs).
Transaction Breakdown
Across four separate tranches, a total of 2,365 shares were withheld at a price of $348.80 per share:
-
Tranche 1: 735 shares withheld for RSU award dated 12/13/2022
-
Tranche 2: 859 shares withheld for RSU award dated 12/12/2023
-
Tranche 3: 503 shares withheld for RSU award dated 12/17/2024
-
Tranche 4: 268 shares withheld for RSU award dated 12/16/2025
-
Total Shares Disposed: 2,365
-
Execution Price: $348.80
-
Aggregate Value: $824,912.00
-
Post-Transaction Holdings: 60,017 shares (including unvested RSUs and PSUs)
Trading Significance
This activity is classified as Low significance. The disposition represents standard, non-discretionary share withholdings to satisfy tax obligations upon the vesting of previously granted equity awards and does not indicate an open-market sale or a discretionary change in insider sentiment.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.