Lumentum (NASDAQ: LITE) grants legal chief 11,634 shares vesting 2028
Rhea-AI Filing Summary
Lumentum Holdings Inc. (LITE) reported that officer Jae Kim, SVP and General Counsel, received a grant of 11,634 shares of Common Stock on August 17, 2026 as a grant/award acquisition. The award relates to performance stock units whose performance conditions were certified and that remain subject to time-based vesting, with 100% of the shares scheduled to vest on August 19, 2028, contingent on continued service. Following this grant, Kim was reported as beneficially owning 42,551 shares as of August 17, 2026, before giving effect to other transactions that occurred that same day.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 11,634 shares
Net Buy
1 txn
Insider
Kim Jae
Role
SVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 11,634 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 42,551 shares (Direct)
Footnotes (2)
- F1. The Compensation Committee of the Board of Directors of the Issuer certified achievement of certain performance conditions with respect to performance stock units (PSUs) granted to the Reporting Person on August 19, 2025. The PSUs remain subject to time-based vesting; 100% of the shares shall vest on August 19, 2028, subject to the Reporting Person continuing to be a service provider of the Issuer through such date.
- F2. The number of shares reported as beneficially owned following the reported transaction is as of August 17, 2026 and prior to other transactions that occurred August 17, 2026 as reported in a Form 4 filed by the Reporting Person on August 18, 2026.
Key Figures
Shares granted: 11,634 shares of Common Stock
Shares beneficially owned after transaction: 42,551 shares
Vesting date: August 19, 2028
+2 more
5 metrics
Shares granted
11,634 shares of Common Stock
Grant/award acquisition to Jae Kim on August 17, 2026
Shares beneficially owned after transaction
42,551 shares
Beneficial ownership for Jae Kim as of August 17, 2026, before other same-day transactions
Vesting date
August 19, 2028
100% of shares from performance stock units scheduled to vest on this date, subject to continued service
PSU grant date
August 19, 2025
Original grant date of the performance stock units whose performance conditions were certified
Reported transaction price per share
$0.0000 per share
Grant/award acquisition of 11,634 shares to Jae Kim
Key Terms
performance stock units (PSUs), time-based vesting, beneficially owned, grant/award acquisition
4 terms
performance stock units (PSUs) financial
"certified achievement of certain performance conditions with respect to performance stock units (PSUs)"
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
time-based vesting financial
"The PSUs remain subject to time-based vesting; 100% of the shares shall vest"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
beneficially owned financial
"The number of shares reported as beneficially owned following the reported transaction"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
FAQ
What did Lumentum (LITE) disclose about Jae Kim’s latest equity award?
Lumentum disclosed that Jae Kim received a grant of 11,634 shares of Common Stock on August 17, 2026, tied to previously granted performance stock units whose performance conditions were certified by the Compensation Committee and that remain subject to time-based vesting through August 19, 2028.
What are the vesting terms of Jae Kim’s performance stock units at Lumentum (LITE)?
The performance stock units granted on August 19, 2025 had their performance conditions certified, and the resulting shares remain subject to time-based vesting. 100% of the shares are scheduled to vest on August 19, 2028, subject to Jae Kim continuing as a service provider through that date.
Was Jae Kim’s August 17, 2026 LITE stock transaction a market purchase or sale?
No. The Form 4 reports a grant/award acquisition (transaction code A) of 11,634 shares of Lumentum Common Stock, with a reported price of $0.0000 per share, indicating a compensation-related award rather than an open-market purchase or sale.
Does the Form 4 for Lumentum (LITE) mention a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox as false, and the footnotes do not describe the transaction as being effected pursuant to a Rule 10b5-1 trading plan or other pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
