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

Chief Accounting Officer Matthew Joseph Sepe of Lumentum Holdings Inc. reports the withholding of shares to cover income tax obligations related to vesting restricted stock units.

Summary

• On August 15, 2024, Matthew Joseph Sepe, Chief Accounting Officer of Lumentum Holdings Inc., reported a transaction involving common stock.
• The transaction involved the withholding of 601 shares to cover income tax obligations related to the vesting of restricted stock units.
• The price per share for the transaction was $52.26.
• Following the transaction, Sepe directly owns 31,986 shares of Lumentum Holdings Inc.
• Sepe has granted limited power of attorney to Wajid Ali and Jae Kim for Section 16 reporting purposes.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices. There is no information to suggest a positive or negative outlook, hence a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates routine tax obligation fulfillment related to vested stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for company insiders, such as officers and directors, in publicly traded companies.
• Companies like Cisco, Juniper Networks, and Ciena also have their executives file similar forms when they have transactions in their company's stock.
• The reporting requirements and timelines are consistent across these companies, as dictated by the SEC regulations.

Key Dates