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

Vincent Retort, President of Industrial Tech at Lumentum Holdings, sold 2,747 shares of common stock to cover income tax obligations related to vesting restricted stock units.

Summary

• Vincent Retort, the President of Industrial Tech at Lumentum Holdings, sold 2,747 shares of the company's common stock on November 15, 2024.
• The sale was executed at a price of $81.45 per share.
• This transaction was conducted to satisfy income tax withholding and remittance obligations associated with the vesting of restricted stock units.
• Following the transaction, Retort directly owns 189,225 shares of Lumentum Holdings common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

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

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions by executives at other firms.
• The sale of 2,747 shares is not unusual for an executive at this level.

Stakeholder Impact

• The 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, executive, restricted stock units, tax obligations, Vincent Retort