Lumentum CFO Awarded Over 22,000 Shares After Meeting Performance Goals
Lumentum Holdings Inc.
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Filing Summary
Lumentum Holdings Inc. (LITE) insider Wajid Ali (EVP & CHIEF FINANCIAL OFFICER) was awarded 22,760 shares of Common Stock at $0.00 per share, with a total transaction value of $0. They now directly own 80,797 shares.
Comprehensive Analysis
On August 17, 2026, Ali Wajid, the EVP & Chief Financial Officer of Lumentum Holdings Inc., acquired 22,760 shares of common stock. The transaction was coded 'A', indicating an award, and the shares were acquired at a price of $0.00 per share.
According to the filing's footnotes, this transaction represents the certification of achieved performance conditions for Performance Stock Units (PSUs) originally granted on August 19, 2025. While the performance milestone has been met, the shares are not yet fully vested. They remain subject to a time-based vesting condition, with 100% of the shares scheduled to vest on August 19, 2028, provided the reporting person continues their service with the company.
Following this award, Mr. Wajid's direct holdings in the company increased to 80,797 shares. A footnote also indicates that this ownership total is prior to other transactions that occurred on the same day and were reported on a separate Form 4, suggesting additional activity by the insider.
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