Form 4: Lumentum Holdings SVP Judy Hamel Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Judy Hamel, SVP and Secretary of Lumentum Holdings, reports disposing of 965 shares of common stock to cover income tax withholding obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Judy G. Hamel, SVP and Secretary of Lumentum Holdings Inc., disposed of 965 shares of common stock.
- The transaction was executed to cover income tax withholding and remittance obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $45.72 per share.
- Following the transaction, Hamel directly owns 50,594 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock disposal transaction. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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