Form 4: Lumentum Holdings Executive Retort Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Vincent Retort, President of Industrial Tech at Lumentum Holdings, disposed of shares to cover income tax withholding obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Vincent Retort, President, Industrial Tech. at Lumentum Holdings Inc., disposed of 1,467 shares of common stock to cover income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
- The shares were disposed of at a price of $45.72 per share.
- Following the transaction, Retort directly owns 155,748 shares of Lumentum Holdings Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, not indicative of a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related sale, common when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Vincent Retort disposed of shares. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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