Form 4: Lumentum Holdings Executive Yuen Wupen Reports Acquisition of Restricted Stock Units

Yuen Wupen, President of Cloud & Networking at Lumentum Holdings, reports the acquisition of restricted stock units.

Summary

• On August 21, 2024, Yuen Wupen, President of Cloud & Networking at Lumentum Holdings Inc., acquired 34,296 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Lumentum's 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, Wupen beneficially owns 99,879 shares of Lumentum Holdings Inc. common stock as of August 30, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, aligning management interests with shareholders through equity ownership.

Positives

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

Risks

• The value of the RSUs is dependent on the future performance of Lumentum Holdings Inc.'s stock price.
• Vesting is contingent upon continued employment, creating a potential risk of forfeiture if employment is terminated.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the RSUs implies a multi-year horizon for executive compensation.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is common among publicly traded companies. It provides transparency into the equity holdings of key personnel.

Stakeholder Impact

• The acquisition of RSUs by a key executive can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates