Form 4: Lumentum Holdings Inc. Executive Jae Kim Reports Acquisition of Restricted Stock Units
SEC Form 4
SVP, General Counsel of Lumentum Holdings Inc., Jae Kim, reports the acquisition of restricted stock units.
Summary
- Jae Kim, SVP, General Counsel of Lumentum Holdings Inc., filed a Form 4.
- The report details the acquisition of restricted stock units (RSUs) representing a contingent right to receive Lumentum Holdings Inc. common stock.
- On August 21, 2024, Kim acquired 12,804 RSUs that vest over time, with 1/3 vesting one year from the grant date and the remainder in equal quarterly installments.
- Additionally, Kim acquired 4,732 RSUs that vest 100% on August 21, 2025, contingent upon continued employment.
- Following these transactions, Kim beneficially owns 38,110 shares of Lumentum Holdings Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns management interests with shareholders. There are no indications of negative events or concerns.
Positives
- The acquisition of RSUs aligns the executive's interests with the company's long-term performance.
- The vesting schedules incentivize continued employment and contribution to the company's success.
Future Outlook
The document does not contain specific forward-looking statements for the company, but the vesting of RSUs is tied to continued employment, suggesting an expectation of ongoing contribution from the executive.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the alignment of management's interests with shareholders. The granting of RSUs is a common practice in the tech industry to attract and retain talent.
Comparison to Industry Standards
- RSU grants are a standard component of executive compensation packages in the technology sector, similar to practices at companies like Cisco, Juniper Networks, and Ciena.
- Vesting schedules, such as the one described in the filing, are also typical, designed to incentivize long-term commitment and performance.
Stakeholder Impact
- Shareholders may view the RSU grants as a positive sign, aligning management's interests with the company's long-term success.
- Employees may see this as a standard practice for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of RSU acquisition. |
| 08/21/2025 | Date of full vesting for 4,732 RSUs. |
| 08/30/2024 | Date of Form 4 filing. |
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