Form 4: Lumentum CEO Alan Lowe Reports Stock Transaction
SEC Form 4 Filing
Alan Lowe, CEO of Lumentum Holdings Inc., reports the withholding of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Alan S. Lowe, CEO of Lumentum Holdings Inc., had 4,813 shares of common stock withheld to cover income tax obligations.
- The shares were withheld at a price of $52.26 per share.
- Following the transaction, Lowe directly owns 220,505 shares of Lumentum common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding, so the sentiment is neither positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 2024-05-23 | Date of Limited Power of Attorney execution. |
| 2024-08-15 | Date of stock transaction (tax withholding). |
| 2024-08-19 | Date of signature on the Form 4 filing. |
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