Form 4: Lumentum Director Penny Herscher Receives RSU Grant

Lumentum Holdings Inc. Director Penny Herscher was granted 1,283 Restricted Stock Units (RSUs) on November 19, 2025, as part of her compensation.

Summary

• Penny Herscher, a Director of Lumentum Holdings Inc. (LITE), acquired 1,283 shares of Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on November 19, 2025, with an acquisition price of $0 per share, typical for RSU grants.
• These RSUs represent the contingent right to receive one share of Common Stock each upon vesting.
• 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.
• Following this transaction, Penny Herscher directly beneficially owns 10,906 shares of Common Stock.
• Additionally, 39,378 shares are indirectly beneficially owned through the 2001 Herscher Family Trust.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it represents a routine compensation event that aligns a director's interests with shareholders, without indicating any negative operational or financial news.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Penny Herscher aligns her interests with those of shareholders, incentivizing long-term company performance.
• The transaction is a routine compensation event for a director, indicating standard corporate governance practices.

Future Outlook

The 1,283 Restricted Stock Units granted to Director Penny Herscher are expected to vest 100% on the earlier of November 19, 2026, or the day prior to the Issuer's next annual meeting of stockholders, provided she continues as a Service Provider under the company's 2025 Equity Incentive Plan.

Industry Context

This filing represents a standard equity compensation event for a director in a publicly traded technology company, reflecting common practices for aligning executive and board member incentives with shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a common practice across the technology and broader public company sectors, similar to companies like Coherent Corp. or II-VI Incorporated, which also utilize equity grants to incentivize their board members.
• The vesting schedule, tied to continued service and a future date or annual meeting, is typical for non-employee director equity awards, ensuring retention and long-term commitment.

Related Party Transactions

• 39,378 shares are indirectly beneficially owned by Penny Herscher through the 2001 Herscher Family Trust, where she and Bret Anders Herscher serve as trustees.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with long-term company performance, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The 1,283 RSUs 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

Recommendation

This Form 4 filing details a routine equity compensation grant to a director and does not contain information that would fundamentally alter the investment thesis for Lumentum Holdings Inc. It is a standard disclosure of beneficial ownership changes, not an indicator for a 'buy' or 'sell' decision, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Lumentum Holdings Inc., LITE, Penny Herscher, Restricted Stock Units, RSU grant, Director compensation, beneficial ownership, SEC Form 4, equity incentive plan