Form 4: Lumentum Holdings Inc. Executive Retort Sells Shares to Cover Tax Obligations

Vincent Retort, President of Industrial Tech at Lumentum Holdings Inc., disposed of shares to cover income tax withholding obligations related to vesting restricted stock units.

Summary

• On August 15, 2024, Vincent Retort, President, Industrial Tech. at Lumentum Holdings Inc., disposed of 1,467 shares of common stock.
• The transaction was to cover income tax withholding and remittance obligations related to the vesting of restricted stock units.
• The shares were disposed of at a price of $52.56 per share.
• Following the transaction, Retort directly owns 154,281 shares of Lumentum Holdings Inc.
• A Limited Power of Attorney was executed on May 23, 2024, granting Wajid Ali and Jae Kim the authority to handle Section 16 reporting on Retort's behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax obligations. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates