Form 4: Lumentum Holdings CEO Alan Lowe Sells Shares to Cover Tax Obligations

Lumentum Holdings CEO Alan Lowe sold 6,671 shares of common stock to cover income tax obligations related to vesting restricted stock units.

Summary

• Alan Lowe, the CEO of Lumentum Holdings, sold 6,671 shares of common stock on November 15, 2024.
• The sale was executed at a price of $81.45 per share.
• This transaction was to cover income tax withholding and remittance obligations associated with the vesting of restricted stock units.
• Following the transaction, Mr. Lowe directly owns 300,896 shares of Lumentum Holdings common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are specific to Lumentum Holdings and Alan Lowe's compensation package.
• Similar transactions are regularly reported by executives at other technology companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Lumentum Holdings, Alan Lowe, stock sale, insider trading, SEC Form 4, restricted stock units, tax obligations