Lumentum CEO Awarded Performance Stock Units

Analysis of Lumentum Holdings Inc. (LITE) Form 4 Filing

Insider: Michael E. Hurlston, President and CEO, and Director.

Transaction Summary: On August 17, 2026, Michael E. Hurlston acquired 66,764 shares of Lumentum's Common Stock. The transaction was coded 'A', indicating an award or grant. The shares were acquired at a price of $0.00 per share, resulting in a total transaction value of $0.

Transaction Details: This acquisition is related to Performance Stock Units (PSUs) granted on August 19, 2025. The company's Compensation Committee has now certified that the performance conditions tied to these PSUs have been achieved. However, the shares are not yet fully owned by the reporting person. They remain subject to a time-based vesting schedule, with 100% of the shares set to vest on August 19, 2028, provided Mr. Hurlston continues his service with the company.

Resulting Ownership: Following this transaction, Mr. Hurlston's direct holdings in Lumentum Holdings Inc. increased to 185,743 shares of common stock.

Significance: This transaction is a form of equity compensation designed to align the CEO's interests with those of shareholders. The achievement of performance goals is a positive indicator, but the value of the award is contingent on future service and the stock's market price upon vesting. It is a non-market transaction and does not reflect a direct purchase of shares on the open market.