Form 4: Lumentum Holdings Executive Sells Shares to Cover Tax Obligations

A Lumentum Holdings executive, Wupen Yuen, sold 2,534 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Wupen Yuen, President of Cloud & Networking at Lumentum Holdings Inc., sold 2,534 shares of common stock on November 15, 2024.
• The sale was executed at a price of $81.45 per share.
• This transaction was to cover income tax withholding and remittance obligations associated with the vesting of restricted stock units.
• Following the transaction, Wupen Yuen directly owns 97,345 shares of Lumentum Holdings Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations and does not indicate a change in the executive's outlook on the company.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 2,534 shares is not unusual for an executive at Lumentum's level.
• Similar transactions are regularly reported by executives at comparable technology companies.

Stakeholder Impact

• This transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Lumentum Holdings, insider trading, stock sale, Form 4, executive, Wupen Yuen, tax obligations, restricted stock units