Form 4: Lumentum Holdings Director Alan Lowe Reports Share Acquisition and Disposal
SEC Form 4 Filing
Director Alan Lowe reports acquisition of shares through performance stock units and disposal to cover tax obligations.
Summary
- Alan Lowe, a director at Lumentum Holdings Inc., reported a transaction on February 20, 2025.
- He acquired 62,345 shares of common stock upon the acceleration of vesting of performance stock units (PSUs).
- These PSUs were part of a Transition Agreement and Release dated February 2, 2025.
- Lowe also disposed of 76,653 shares of common stock to satisfy income tax withholding obligations related to the vesting of restricted stock units and PSUs.
- The disposal price was $76.34 per share.
- Following these transactions, Lowe beneficially owns 279,910 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their potential impact on the company's stock.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding insider sentiment, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| February 2, 2025 | Date of the Transition Agreement and Release between Alan Lowe and Lumentum Holdings Inc. |
| February 3, 2025 | Transition Agreement filed with the SEC. |
| February 20, 2025 | Date of the share acquisition and disposal transactions. |
| February 24, 2025 | Date of signature on the Form 4 filing. |
Keywords
Lumentum Holdings, Alan Lowe, Form 4, Share Acquisition, Share Disposal, Performance Stock Units, PSUs, Director, Insider Trading, Tax Withholding
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