Ciena exec Cumello has 1,716 shares withheld for taxes
A CIENA CORP executive reported five code F share withholdings totaling 1,716 CIEN shares to cover taxes on RSU awards.
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Form Type
4
Rhea-AI Filing Summary
CIENA CORP (CIEN) reported that executive vice president and general manager Joseph Cumello had company shares withheld on September 20, 2026 to cover tax liabilities arising from multiple restricted stock unit (RSU) awards. Five code F transactions disposed of a total of 1,716 shares of common stock at $348.80 per share. A footnote states that shares reported for this insider include unvested restricted stock units (RSUs) and performance stock units (PSUs).
Insider Trade Summary
Tax Withholding: 1,716 shares
Tax Withholding
5 txns
Insider
Cumello Joseph
Role
EVP & General Mgr.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 441 | $348.80 | $154K |
| Tax Withholding | Common Stock F3, F2 | 182 | $348.80 | $63K |
| Tax Withholding | Common Stock F4, F2 | 582 | $348.80 | $203K |
| Tax Withholding | Common Stock F5, F2 | 180 | $348.80 | $63K |
| Tax Withholding | Common Stock F6, F2 | 331 | $348.80 | $115K |
Holdings After Transaction:
Common Stock — 41,156 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 12/16/2025. Acquisition of the RSU was previously reported in Table I of the reporting person's Form 4 filed on 12/18/2025.
- 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.
Key Figures
Shares withheld for tax liabilities: 1,716 shares
Price per share for tax-withholding transactions: $348.80 per share
Number of code F transactions: 5 transactions
+1 more
4 metrics
Shares withheld for tax liabilities
1,716 shares
Total shares across five code F transactions on September 20, 2026
Price per share for tax-withholding transactions
$348.80 per share
Reported for each common stock transaction on September 20, 2026
Number of code F transactions
5 transactions
Non-derivative common stock entries used to cover tax liabilities
ExercisePriceOrTaxLiabilityShares
1,716 shares
Aggregate shares classified as payment of exercise price or tax liability
Key Terms
Restricted Stock Units (RSUs), Performance Stock Units (PSUs), Form 3, Form 4, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Represents shares withheld to cover payment of the tax liabilities ... related to a restricted stock unit (RSU) award agreement"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
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.
Form 3 regulatory
"Acquisition of the RSU was previously reported in Table I of the reporting person's Form 3 filed on 2/3/2023."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Form 4 regulatory
"Acquisition of the RSU was 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.
tax liabilities financial
"Represents shares withheld to cover payment of the tax liabilities of the reporting person"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CIEN executive Joseph Cumello report in this Form 4?
He reported that 1,716 shares of CIENA CORP common stock were withheld on September 20, 2026 in five code F transactions to cover tax liabilities associated with previously granted restricted stock unit (RSU) awards.
How many CIEN Form 4 transactions were reported and of what type?
The filing lists five non-derivative transactions in CIENA CORP common stock, all coded F, described as payment of tax liability by delivering or withholding securities rather than open-market purchases or sales.
Do the reported CIEN transactions involve a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for these transactions; they are characterized as shares withheld to cover the reporting person’s tax liabilities arising from RSU awards.
What equity awards are referenced in this CIEN Form 4?
Footnotes state the withholdings relate to restricted stock unit (RSU) award agreements dated December 13, 2022, February 1, 2023, December 12, 2023, December 17, 2024, and December 16, 2025, previously reported on Forms 3 and 4.
What does the Form 4 say about CIEN RSUs and PSUs held by the executive?
A footnote explains that shares reported for the insider include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), indicating that part of the reported position consists of equity awards that have not yet vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
