Form 4: Lumentum Holdings Director Sells 15,000 Shares

Lumentum Holdings director Harold L. Covert sold 15,000 shares of common stock at a weighted average price of $87.1695 on November 12, 2024.

Summary

• Harold L. Covert, a director at Lumentum Holdings Inc., sold 15,000 shares of common stock on November 12, 2024.
• The sale was executed at a weighted average price of $87.1695 per share.
• The transactions were made in multiple trades with prices ranging from $87.02 to $87.40.
• Following the transaction, Mr. Covert directly owns 8,761 shares of Lumentum Holdings Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director, which is a routine event. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is a common occurrence in publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies.
• The sale of shares by a director is a normal event and does not necessarily indicate a negative outlook for the company.
• Similar filings are made by directors and officers of other companies such as Coherent, Infinera, and Ciena.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is not expected to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

Lumentum Holdings, insider trading, stock sale, director, Harold L. Covert, Form 4, equity securities