Form 4: Lumentum CEO Alan Lowe Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Lumentum Holdings CEO Alan Lowe disposed of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On August 23, 2024, Alan S Lowe, CEO of Lumentum Holdings Inc., disposed of 16,148 shares of common stock to satisfy income tax withholding obligations.
- The shares were withheld by the issuer at a price of $59.17 per share.
- Following the transaction, Lowe directly owns 214,281 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't necessarily indicate a positive or negative sentiment towards the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of stock disposal transaction |
| 08/27/2024 | Date of signature on the Form 4 filing |
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