Form 4: Lumentum Holdings EVP Wajid Ali Reports Tax Withholding Transaction
SEC Form 4 Filing
Wajid Ali, EVP & CFO of Lumentum Holdings, reports the withholding of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Wajid Ali, the EVP & CFO of Lumentum Holdings Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 1,716 shares to cover income tax obligations related to the vesting of restricted stock units.
- The price per share for the withholding was $52.26.
- Following the transaction, Ali directly owns 58,501 shares of Lumentum Holdings Inc.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices. It doesn't suggest any particular positive or negative outlook for the company, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding insider transactions. This filing indicates routine tax-related stock withholding, a common practice in executive compensation.
Comparison to Industry Standards
- Executive compensation practices, including stock-based compensation and related tax withholding, are common across publicly traded companies.
- Companies like Infinera, Ciena, and Cisco also utilize stock-based compensation for their executives, and similar tax withholding transactions would be expected.
- The specifics of the number of shares withheld and the price per share are unique to Lumentum and the individual executive's compensation package.
Key Dates
| Date | Description |
|---|---|
| 2024/05/23 | Date of Limited Power of Attorney execution. |
| 2024/08/15 | Date of transaction: shares withheld for tax obligations. |
| 2024/08/19 | Date of signature for the report. |
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