Form 4: Lumentum Holdings Executive Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Vincent Retort, President of Industrial Tech at Lumentum Holdings, disposed of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On August 23, 2024, Vincent Retort, President of Industrial Tech at Lumentum Holdings Inc., disposed of 6,646 shares of common stock to satisfy income tax withholding obligations.
- The shares were withheld by the issuer in connection with the vesting of restricted stock units.
- The transaction was executed at a price of $59.17 per share.
- Following the transaction, Retort directly owns 153,560 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of stock disposal transaction |
| 08/27/2024 | Date of signature on the Form 4 filing |
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