Form 4: Lumentum Holdings Director Ian Small Acquires Restricted Stock Units

Director Ian Small of Lumentum Holdings Inc. was granted 3,313 restricted stock units (RSUs) on November 20, 2024, which will vest on November 20, 2025, or the day before the next annual meeting.

Summary

• Ian Small, a director at Lumentum Holdings Inc., acquired 3,313 restricted stock units (RSUs) on November 20, 2024.
• These RSUs were granted at a price of $0.
• The RSUs will vest on the earlier of November 20, 2025, or the day prior to the company's next annual meeting of stockholders.
• Vesting is contingent upon Mr. Small continuing as a service provider through the vesting date.
• Following this transaction, Mr. Small beneficially owns 28,179 shares of Lumentum Holdings Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of RSU grants to a director, which is generally positive for aligning interests but not a major event.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

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

Industry Context

This is a standard practice for aligning the interests of directors with the company's performance through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice in the technology industry, similar to companies like Coherent and II-VI Incorporated.
• The vesting schedule of one year is also typical for such grants, aligning with industry norms for long-term incentives.

Stakeholder Impact

• The RSU grant aligns the director's interests with shareholders, encouraging long-term value creation.
• The vesting schedule encourages continued service from the director, which is beneficial for the company.

Next Steps

• The RSUs will vest on the earlier of November 20, 2025, or the day prior to the company's next annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

Lumentum Holdings, Ian Small, Restricted Stock Units, RSU, Director, Beneficial Ownership, Equity Incentive Plan, Vesting