Form 4: Lumentum Holdings Director Brian Lillie Acquires 3,313 Shares Through Restricted Stock Units

Director Brian Lillie of Lumentum Holdings acquired 3,313 shares of common stock through restricted stock units, as detailed in a recent SEC Form 4 filing.

Summary

• Brian Lillie, a director at Lumentum Holdings Inc., acquired 3,313 shares of common stock on November 20, 2024.
• The acquisition was through the grant of restricted stock units (RSUs), with each RSU representing the right to receive one share of common stock upon vesting.
• The RSUs will vest on the earlier of November 20, 2025, or the day before the company's next annual meeting, provided Lillie remains a service provider.
• The transaction was reported in a Form 4 filing with the Securities and Exchange Commission on November 22, 2024.
• A limited power of attorney was also filed, authorizing Wajid Ali and Jae Kim to act on Lillie'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 company's next annual meeting of stockholders, subject to the reporting person continuing as a service provider.

Industry Context

This is a standard SEC filing related to insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• The filing of Form 4 is a standard practice for publicly traded companies in the US, as mandated by the Securities and Exchange Commission.
• Similar filings are made by directors and officers of companies like Ciena Corporation (CIEN) and Infinera Corporation (INFN), which are also in the optical networking industry.
• The vesting schedule of the RSUs is typical for equity compensation plans, often tied to continued service and/or company performance.

Stakeholder Impact

• The acquisition of shares by a director may positively influence shareholder confidence.

Next Steps

• The RSUs will vest on the earlier of November 20, 2025, or the day before the next annual meeting, provided Lillie remains a service provider.

Key Dates

Keywords

Lumentum Holdings, Brian Lillie, restricted stock units, RSU, SEC Form 4, insider trading, director, equity, vesting