Form 4: Lumentum Holdings Director Acquires Shares Through Restricted Stock Units

Lumentum Holdings director Julia Suzanne Johnson acquired 3,313 shares through restricted stock units, according to a recent SEC filing.

Summary

• Julia Suzanne Johnson, a director at Lumentum Holdings Inc., acquired 3,313 shares of common stock through restricted stock units (RSUs).
• The RSUs were granted on November 20, 2024, at a price of $0 per share.
• These RSUs will vest on the earlier of November 20, 2025, or the day before the company's next annual meeting, provided Ms. Johnson remains a service provider.
• Following this transaction, Ms. Johnson's total holdings include 25,345 shares of common stock.
• A limited power of attorney was also filed, authorizing Wajid Ali and Jae Kim to act on Ms. Johnson's behalf for Section 16 reporting purposes.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is generally neutral to positive. The acquisition of shares by a director can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock units will vest on the earlier of November 20, 2025, or the day prior to the next annual meeting, contingent on continued service.

Industry Context

This is a standard SEC filing related to insider transactions, which is common for publicly traded companies. It reflects the compensation structure for directors and is a routine part of corporate governance.

Comparison to Industry Standards

• The use of restricted stock units as part of director compensation is a common practice among publicly traded companies, including those in the technology sector like Lumentum Holdings.
• Similar filings are regularly made by directors and officers of companies like II-VI Incorporated (now Coherent), Infinera, and Ciena, which are also in the optical communications industry.
• These filings are a standard part of regulatory compliance and provide transparency into insider transactions.

Stakeholder Impact

• The acquisition of shares by a director may be viewed positively by shareholders, indicating confidence in the company's future.

Next Steps

• The restricted stock units will vest on the earlier of November 20, 2025, or the day prior to the next annual meeting, contingent on continued service.

Key Dates

Keywords

Lumentum Holdings, Director, Julia Suzanne Johnson, Restricted Stock Units, RSU, SEC Form 4, Share Acquisition, Beneficial Ownership, Section 16, Power of Attorney