Form 4: Lumentum Holdings EVP Wajid Ali Reports Stock Acquisition and Disposal

EVP and CFO of Lumentum Holdings, Wajid Ali, reports acquisition of 7,500 shares of common stock due to performance stock units vesting and disposal of 3,801 shares to cover tax obligations.

Summary

• On August 19, 2024, Wajid Ali, EVP & CFO of Lumentum Holdings Inc., acquired 7,500 shares of common stock.
• This acquisition was due to the vesting of performance stock units (PSUs) granted on September 10, 2021, after the Board of Directors determined that certain performance conditions were met.
• On the same day, Ali disposed of 3,801 shares of common stock at a price of $52.82.
• This disposal was to satisfy income tax withholding and remittance obligations related to the vesting of the PSUs.
• Following these transactions, Ali beneficially owns 62,200 shares of Lumentum Holdings Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation. The vesting of PSUs is a positive sign, but the tax-related disposal is a standard procedure.

Positives

• The vesting of performance stock units suggests that performance conditions were met, which could be viewed positively.

Negatives

• The disposal of shares to cover tax obligations could be seen as a minor negative, although it's a common practice.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The vesting of PSUs and subsequent stock transactions may have a minor positive impact on shareholder confidence.

Key Dates