Form 4: Lumentum Holdings Executive Vincent Retort Reports Acquisition of Restricted Stock Units

Vincent Retort, President of Industrial Tech at Lumentum Holdings, reports the acquisition of restricted stock units.

Summary

• On August 21, 2024, Vincent Retort, President, Industrial Tech. of Lumentum Holdings Inc., acquired 38,412 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Lumentum Holdings' Common Stock per unit following vesting.
• Vesting occurs in installments: 1/3 vests one year from the grant date, and the remaining shares vest in eight equal quarterly installments thereafter on the 15th of November, February, May, and August.
• Vesting is contingent upon continued employment through each vesting date, or as provided under the Issuer's 2015 Equity Incentive Plan.
• Following the reported transaction, Retort beneficially owns 191,972 shares of Common Stock as of August 30, 2024.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating routine executive compensation. The sentiment is neutral to slightly positive as it reflects alignment of management and shareholder interests.

Positives

• The acquisition of RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The vesting schedule of the RSUs extends into the future, contingent on continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may view the RSU grant positively, as it aligns management's interests with the company's long-term performance.

Key Dates