Form 4: Lumentum Holdings CEO Alan Lowe Reports Stock Transaction
SEC Form 4 Filing
Alan Lowe, CEO of Lumentum Holdings, reports a transaction involving the withholding of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Alan S. Lowe, the CEO of Lumentum Holdings Inc., had 4,813 shares of common stock withheld by the issuer to cover income tax obligations.
- This was related to the vesting of restricted stock units.
- The price per share was $45.72.
- Following the transaction, Lowe directly owns 225,318 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine tax withholding related to executive compensation.
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 equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the stock transaction (tax withholding). |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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