Ciena SVP reports RSU tax share withholding
Ciena Corp senior vice president Joseph Cumello reported routine share dispositions related to tax withholding on equity awards.
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Form Type
4
Rhea-AI Filing Summary
Ciena Corp senior vice president Joseph Cumello reported routine share dispositions related to tax withholding on equity awards. On June 20, 2026, he had five non-derivative transactions coded "F," where a total of 1,717 shares of common stock were withheld at $428.22 per share to cover tax liabilities from previously granted restricted stock units.
The filing notes that his reported holdings still include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), indicating that these events are tied to equity compensation vesting rather than open-market selling.
Insider Trade Summary
Exercise Price or Tax Liability: 1,717 shares
Exercise Price or Tax Liability
5 txns
Insider
Cumello Joseph
Role
SVP, General Mgr. Blue Planet
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 441 | $428.22 | $189K |
| Exercise Price or Tax Liability | Common Stock | 182 | $428.22 | $78K |
| Exercise Price or Tax Liability | Common Stock | 582 | $428.22 | $249K |
| Exercise Price or Tax Liability | Common Stock | 332 | $428.22 | $142K |
| Exercise Price or Tax Liability | Common Stock | 180 | $428.22 | $77K |
Holdings After Transaction:
Common Stock — 44,458 shares (Direct)
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 12/13/2022. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 3 filed on 2/3/2023.
- 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 2/1/2023. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 2/3/2023.
- 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.
Key Figures
Tax-withheld shares: 1,717 shares
Implied share value: $428.22 per share
Tax-withholding transactions: 5 transactions
3 metrics
Tax-withheld shares
1,717 shares
Common Stock withheld for RSU-related tax liabilities
Implied share value
$428.22 per share
Value used for all Code F tax-withholding dispositions
Tax-withholding transactions
5 transactions
Non-derivative dispositions on June 20, 2026 coded F
Key Terms
Restricted Stock Unit (RSU), Performance Stock Units (PSUs), tax-withholding disposition, Form 4
4 terms
Restricted Stock Unit (RSU) financial
"related to a restricted stock unit (RSU) award agreement dated 12/13/2022"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Performance Stock Units (PSUs) financial
"Shares reported include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs)."
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"previously reported in Table I of the reporting person's Form 4 filed on 12/14/2023."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Ciena (CIEN) report for Joseph Cumello?
Ciena reported that SVP Joseph Cumello had shares withheld to cover taxes on vested RSUs. Five transactions coded “F” disposed of 1,717 common shares, reflecting tax-withholding events linked to prior equity awards, not open-market stock sales.
Do Joseph Cumello’s reported Ciena (CIEN) transactions represent open-market sales?
No, the reported transactions are not open-market sales. Each is coded “F,” meaning shares were withheld to pay tax liabilities from RSU vesting. The filing specifies these dispositions satisfy tax obligations related to previously granted restricted stock unit awards.
What equity awards are associated with Joseph Cumello’s Ciena (CIEN) tax-withholding events?
The tax-withholding events are tied to multiple restricted stock unit award agreements dated in 2022, 2023, 2024, and 2025. Footnotes explain that previously reported RSU grants vested, and shares were withheld to cover Joseph Cumello’s related income tax liabilities.
Does Joseph Cumello still hold unvested Ciena (CIEN) equity after these transactions?
Yes, the filing states his reported holdings include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). This means he retains additional unvested equity awards in Ciena beyond the shares withheld to satisfy tax liabilities on vested RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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