Form 4: Lumentum Holdings EVP Wajid Ali Reports Stock Transaction
SEC Form 4 Filing
EVP & CFO of Lumentum Holdings, Wajid Ali, reports a transaction involving common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Wajid Ali, the EVP & CFO of Lumentum Holdings Inc., reported a transaction involving the company's common stock.
- The transaction involved the disposal of 1,716 shares to satisfy income tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $45.72 per share.
- Following the transaction, Ali directly owns 60,217 shares of Lumentum Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, so the sentiment is neither positive nor negative.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock-based compensation. It reflects standard practice for covering tax obligations associated with vesting equity.
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 |
|---|---|
| 05/15/2024 | Date of the stock transaction. |
| 05/17/2024 | Date of signature for the report. |
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