Form 4: Lumentum Officer's Stock Acquisition & Tax Withholding

Lumentum's Chief Accounting Officer, Matthew Sepe, acquired 1,319 shares of common stock through PSU vesting and disposed of 474 shares for tax obligations.

Summary

• Matthew Sepe, Chief Accounting Officer of Lumentum Holdings Inc., reported changes in his beneficial ownership of common stock.
• On August 7, 2025, he acquired 1,319 shares of common stock at a price of $0.
• This acquisition resulted from the vesting of performance stock units (PSUs) granted on August 24, 2022, after the Compensation Committee determined performance conditions were met.
• Concurrently, 474 shares were disposed of at a price of $111.13 to satisfy income tax withholding obligations related to the PSU vesting.
• Following these transactions, Matthew Sepe beneficially owns 38,428 shares of Lumentum common stock.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing is a routine insider transaction related to executive compensation. The vesting of PSUs indicates performance conditions were met, which is a positive for the company's internal metrics, but the transaction itself is not a strategic business announcement.

Positives

• The acquisition of 1,319 shares indicates that performance conditions for previously granted PSUs were met, reflecting positive company performance or individual achievement.
• The vesting of PSUs at a $0 acquisition price represents a direct gain for the officer.

Negatives

• The disposal of 474 shares at $111.13 was solely for tax withholding purposes, not a discretionary sale, which reduces the net shares received.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Acquisition of 1,319 common shares by Matthew Sepe from Lumentum Holdings Inc. due to the vesting of performance stock units (PSUs).
• Disposal of 474 common shares by Matthew Sepe to Lumentum Holdings Inc. for income tax withholding related to PSU vesting.

Stakeholder Impact

• Shareholders: Provides transparency on executive compensation and stock ownership. The meeting of PSU performance conditions could be seen as a positive signal regarding company performance.
• Employees: Reflects standard executive compensation practices.

Key Dates

Keywords

Lumentum Holdings Inc., LITE, Form 4, Insider Trading, Stock Ownership, Performance Stock Units, PSU Vesting, Executive Compensation, Matthew Sepe, Chief Accounting Officer