Form 4: Lumentum Holdings EVP Wajid Ali Reports Acquisition of Restricted Stock Units

EVP and CFO of Lumentum Holdings, Wajid Ali, reports the acquisition of restricted stock units.

Summary

• On August 21, 2024, Wajid Ali, the EVP & Chief Financial Officer of Lumentum Holdings Inc., acquired 32,010 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Lumentum's common stock upon vesting.
• 1/3 of the shares will vest one year from the grant date, with the remaining shares vesting in eight equal quarterly installments thereafter on the 15th of November, February, May, and August.
• Vesting is contingent upon continued employment through each vesting date, or as provided under the Issuer's 2015 Equity Incentive Plan.
• Following the reported transaction, Ali beneficially owns 88,669 shares of Lumentum Holdings Inc. as of August 30, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of executive compensation.

Positives

• The vesting of RSUs aligns the executive's interests with the long-term performance of the company.

Future Outlook

The vesting schedule of the RSUs extends over time, incentivizing continued employment and alignment with company performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.

Key Dates