Form 4: Lumentum CFO Wajid Ali's Stock Vesting
Insider Transaction Report
Lumentum Holdings Inc. CFO Wajid Ali reported the vesting of performance stock units and related tax withholding.
Summary
- Wajid Ali, Executive Vice President and Chief Financial Officer of Lumentum Holdings Inc. (LITE), reported changes in his beneficial ownership of common stock.
- On August 7, 2025, Ali acquired 5,133 shares of common stock due to the vesting of performance stock units (PSUs).
- These PSUs were originally granted on August 24, 2022, and vested because the Compensation Committee determined that certain performance conditions were met.
- Concurrently, 2,607 shares were disposed of at a price of $111.13 per share to satisfy income tax withholding and remittance obligations related to the PSU vesting.
- Following these transactions, Ali beneficially owns 49,986 shares of Lumentum Holdings Inc. common stock directly.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as the vesting of performance stock units indicates that the company met certain performance conditions, which is a positive sign for the underlying business. The disposition of shares for tax withholding is a standard, neutral event.
Positives
- The vesting of performance stock units indicates that the company's Compensation Committee determined that specific performance conditions were met, suggesting positive operational or financial performance over the PSU's vesting period.
Future Outlook
This Form 4 filing reports past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine insider transaction report (Form 4) and does not provide specific insights into broader industry trends or competitive dynamics. It reflects an individual executive's compensation and stock ownership changes.
Stakeholder Impact
- Shareholders: The vesting of PSUs for an executive can be viewed positively as it indicates the achievement of performance targets, aligning management incentives with shareholder interests. The tax withholding is a routine administrative matter.
Key Dates
| Date | Description |
|---|---|
| 08/24/2022 | Date performance stock units (PSUs) were granted to the Reporting Person. |
| 08/07/2025 | Date of the reported transactions, including the acquisition of shares from PSU vesting and disposition for tax withholding. |
| 08/11/2025 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
Lumentum Holdings Inc., LITE, Wajid Ali, Form 4, Insider Transaction, Performance Stock Units, PSU Vesting, Executive Compensation, Stock Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.