Form 4: Lumentum Holdings Inc. Executive Yuen Wupen Reports Stock Disposal to Cover Tax Obligations

Yuen Wupen, President of Cloud & Networking at Lumentum Holdings Inc., disposed of 440 shares of common stock to cover income tax withholding obligations related to vesting restricted stock units.

Summary

• On July 19, 2024, Yuen Wupen, President, Cloud & Networking at Lumentum Holdings Inc., disposed of 440 shares of common stock.
• The transaction was executed at a price of $54.77 per share.
• The disposal was related to covering income tax withholding and remittance obligations associated with the vesting of restricted stock units.
• Following the transaction, Yuen Wupen directly owns 74,283 shares of Lumentum Holdings Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate any fundamental change in the company's prospects or insider confidence.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive for tax purposes.

Key Dates