Ciena Corp EVP Hoffman Grant Disposes 170 Shares for Tax Withholding
CIENA CORP
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Filing Summary
CIEN Form 4 Filing Alert Insider: Hoffman Grant (EVP & Chief Supply) Action: Tax Withholding (Disposed) Shares: 170 @ $348.80 ($59,296.00) Remaining Direct Holdings: 6,347 shares Date: 2026-09-20 Significance: Low (Routine tax obligation disposition)
Comprehensive Analysis
Insider Transaction Summary
Ciena Corporation (NYSE: CIEN) officer Grant Hoffman, EVP & Chief Supply, reported a disposition of 170 shares of Common Stock on September 20, 2026.
- Transaction Code: F (Tax Withholding)
- Shares Disposed: 170
- Price per Share: $348.80
- Total Transaction Value: $59,296.00
- Post-Transaction Beneficial Ownership: 6,347 shares (including unvested Restricted Stock Units)
Strategic Analysis
This transaction represents an automatic share withholding to satisfy statutory tax obligations resulting from the vesting of previously granted Restricted Stock Units (RSUs) awarded on June 22, 2026. Because this transaction was purely administrative and executed under transaction code 'F', it does not reflect discretionary open-market insider sentiment and carries Low trading significance.
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Important Disclaimer
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