Gage Brodie 4
4 · CIENA CORP · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
CIENA (CIEN) SVP Gage Brodie Sells 1,932 Shares
What Happened
- Gage Brodie, Senior Vice President, Global Products & Supply at CIENA (CIEN), had a total of 1,932 shares disposed on 2026-03-20 via share-withholding to cover tax liabilities tied to restricted stock unit (RSU) awards. Each share was valued at $383.89, for a total disposal value of $741,675.48. These transactions are recorded as tax-withholding dispositions (transaction code F), not open-market sell orders.
Key Details
- Transaction date and price: 2026-03-20 at $383.89 per share.
- Shares disposed (by award/footnote grouping): 230, 204, 442, 669 and 387 shares (total 1,932).
- Total value: $741,675.48.
- Shares owned after transaction: not specified in the summary provided — see the filed Form 4 for current beneficial ownership.
- Notable footnotes: disposals represent shares withheld to pay tax liabilities on RSU awards dated 12/16/2025, 10/27/2023, 12/13/2022, 12/12/2023 and 12/17/2024. Footnote F2 notes reported share totals include unvested RSUs and Performance Stock Units (PSUs).
- Filing timeliness: Form 4 filed on 2026-03-24 for transactions on 2026-03-20. That filing date falls within the standard two business-day window for Form 4 reporting (timely).
Context
- These transactions are tax-withholding dispositions (code F): the company withheld and disposed of vested award shares to satisfy tax obligations. This is a common administrative step when RSUs/PSUs vest and generally does not signal the same market intent as an open-market sale by the insider.
- For more detail on the original awards and any remaining unvested holdings, consult the referenced prior Form 4/Form 3 filings noted in the footnotes.
Insider Transaction Report
Form 4
CIENA CORPCIEN
Gage Brodie
SVP Global Products & Supply
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-03-20$383.89/sh−230$88,295→ 53,043 total - Tax Payment
Common Stock
[F3][F2]2026-03-20$383.89/sh−204$78,314→ 52,839 total - Tax Payment
Common Stock
[F4][F2]2026-03-20$383.89/sh−442$169,679→ 52,397 total - Tax Payment
Common Stock
[F5][F2]2026-03-20$383.89/sh−669$256,822→ 51,728 total - Tax Payment
Common Stock
[F6][F2]2026-03-20$383.89/sh−387$148,565→ 51,341 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 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.
- [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 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.
- [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 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 3 filed on 10/31/2023.
- [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 12/12/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023.
- [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 12/17/2024. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/19/2024.
Signature
By: Michelle Rankin For: Brodie Gage|2026-03-24