Form 4: Lumentum Holdings EVP Wajid Ali Reports Stock Transaction
SEC Form 4
EVP & CFO of Lumentum Holdings, Wajid Ali, reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On August 23, 2024, Wajid Ali, the EVP & CFO of Lumentum Holdings Inc., reported a transaction involving the company's common stock.
- The transaction involved the disposition of 5,541 shares to satisfy income tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $59.17.
- Following the transaction, Ali directly owns 56,659 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of stock transaction (disposal of shares). |
| 08/27/2024 | Date of signature on the Form 4 filing. |
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