Form 4: Lumentum Holdings Inc. Executive Matthew Joseph Sepe Reports Stock Transaction

Chief Accounting Officer Matthew Joseph Sepe reports disposition of shares to cover tax obligations and an adjustment to previously reported holdings.

Summary

• On February 15, 2025, Matthew Joseph Sepe, Chief Accounting Officer of Lumentum Holdings Inc., reported a transaction involving common stock.
• 907 shares were disposed of to satisfy income tax withholding obligations related to the vesting of restricted stock units at a price of $77.68 per share.
• Following the transaction, Sepe directly owns 37,575 shares of Lumentum Holdings Inc.
• An internal review led to an upward adjustment of 12,804 shares to the reported holdings.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices and adjustments to holdings. It doesn't suggest any significant positive or negative implications for the company's performance.

Positives

• The disclosure provides transparency regarding executive stock transactions.
• The upward adjustment of 12,804 shares due to an internal review suggests improved accuracy in reporting.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is crucial for maintaining market confidence and regulatory compliance.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the U.S., ensuring transparency in insider trading activities.
• Companies like Apple, Microsoft, and Google also regularly file Form 4 documents when their executives engage in stock transactions.
• The reporting requirements and timelines are consistent across all companies subject to Section 16 of the Securities Exchange Act of 1934.

Stakeholder Impact

• Shareholders are informed about insider transactions, promoting transparency.
• The transaction itself is unlikely to have a significant impact on the company's operations or financial condition.

Key Dates

Keywords

Lumentum Holdings Inc., Matthew Joseph Sepe, stock transaction, Form 4, insider trading, chief accounting officer, share disposal, tax withholding, restricted stock units, beneficial ownership