Form 4: Lumentum Director Brian Lillie Receives Equity Grant

Lumentum Holdings Inc. Director Brian Lillie was granted 1,283 restricted stock units, vesting in 2026, as part of an equity incentive plan.

Summary

• Director Brian Lillie of Lumentum Holdings Inc. acquired 1,283 shares of Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this acquisition was November 19, 2025.
• Each RSU represents the contingent right to receive one share of the Issuer's Common Stock upon vesting.
• The RSUs were acquired at a price of $0 per unit.
• Following this transaction, Brian Lillie beneficially owns 25,910 shares.
• The RSUs are scheduled to vest 100% on the earlier of November 19, 2026, or the day prior to the Issuer's next annual meeting of stockholders, contingent on continued service as a Service Provider under the 2025 Equity Incentive Plan.

Sentiment

Score: 6

Explanation: Slightly positive, as it represents a routine compensation event that aligns director interests with shareholders, without indicating any negative operational or financial news.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders, incentivizing long-term performance.
• The equity grant is part of a standard compensation package, indicating ongoing commitment to executive and director retention.

Risks

• The RSUs are subject to forfeiture if the reporting person ceases to be a Service Provider before the vesting date.
• The value of the vested shares is dependent on the future market price of Lumentum Holdings Inc. common stock, introducing market risk.

Future Outlook

The Restricted Stock Units are scheduled to vest 100% on the earlier of November 19, 2026, or the day prior to the Issuer's next annual meeting of stockholders, provided the reporting person continues as a Service Provider.

Industry Context

The grant of Restricted Stock Units to directors is a common practice in the technology and manufacturing sectors, serving as a key component of executive and director compensation packages to align their interests with long-term shareholder value.

Comparison to Industry Standards

• Equity grants, particularly Restricted Stock Units, are a standard form of non-cash compensation for directors across publicly traded companies, including those in the optical and networking components industry where Lumentum operates.
• The vesting schedule, tied to continued service, is typical for such grants, ensuring retention and incentivizing sustained contribution.

Related Party Transactions

• Director Brian Lillie received a grant of 1,283 Restricted Stock Units from Lumentum Holdings Inc. as part of his compensation, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with long-term shareholder value, potentially fostering more shareholder-centric decision-making.
• Employees (Service Providers): The vesting condition tied to continued service reinforces the importance of ongoing contributions from key personnel.

Next Steps

• The Restricted Stock Units will vest on the earlier of November 19, 2026, or the day prior to the Issuer's next annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

Lumentum, LITE, Form 4, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Insider Transaction, Corporate Governance