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

Penny Herscher, a director at Lumentum Holdings, acquired 3,313 shares of common stock through restricted stock units, while also holding 39,378 shares indirectly through a family trust.

Summary

• Penny Herscher, a director of Lumentum Holdings Inc., acquired 3,313 shares of common stock through the vesting of restricted stock units (RSUs).
• These RSUs were granted as part of the company's 2015 Equity Incentive Plan.
• The RSUs will fully vest on the earlier of November 20, 2025, or the day before the next annual shareholder meeting, provided Ms. Herscher remains a service provider.
• The transaction occurred on November 20, 2024, with the shares acquired at a price of $0.
• Ms. Herscher also indirectly owns 39,378 shares through the Bret Anders Herscher and Penelope Ann Herscher TTEES 2001 Herscher Family Trust U/A/D 6/14/2001.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving equity compensation, which is generally viewed positively as it aligns the director's interests with those of the shareholders. There is no indication of any negative sentiment.

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 RSUs will vest on the earlier of November 20, 2025, or the day prior to the next annual meeting, subject to continued service.

Industry Context

This is a standard transaction for directors receiving equity compensation, and is common in the technology sector.

Comparison to Industry Standards

• Equity compensation through RSUs is a common practice for directors and executives in publicly traded companies, particularly in the technology sector.
• The vesting schedule of the RSUs is typical, often tied to continued service and/or specific dates or events.
• Many companies such as Apple, Microsoft, and Google use similar RSU programs for their directors and executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Lumentum Holdings, Penny Herscher, Director, Restricted Stock Units, RSU, Share Acquisition, Equity Incentive Plan, Beneficial Ownership, Family Trust