Lumentum director Ian Small granted 108 RSUs
Small Ian reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Small Ian reported acquisition or exercise transactions in this Form 4 filing.
Lumentum Holdings Inc. director Ian Small received a grant of 108 restricted stock units (RSUs) on July 15, 2026, each representing the right to receive one future share of common stock. The RSUs vest 100% on July 15, 2027, contingent on continued service, and were granted in lieu of his annual cash retainer under the non-employee director compensation program. Following this grant, he holds 21,116 common shares directly.
Insider Trade Summary
Grant/Award: 108 shares
Grant/Award
1 txn
Insider
Small Ian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 108 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 21,116 shares (Direct)
Footnotes (1)
- F1. Each share is represented by a restricted stock unit (RSU). Each RSU represents the contingent right to receive, following vesting, one share of Common Stock of the Issuer. 100% of the RSUs shall vest on July 15, 2027, subject to the Reporting Person continuing through such date as a Service Provider, as defined under the Issuer's 2025 Equity Incentive Plan. The RSUs were granted to the Reporting Person in lieu of the annual cash retainer, at the election of the Reporting Person, under the Issuer's compensation program for non-employee directors.
Key Figures
RSUs granted: 108 shares
Shares owned after grant: 21,116 shares
Vesting date: July 15, 2027
+1 more
4 metrics
RSUs granted
108 shares
Restricted stock units granted to Ian Small on July 15, 2026
Shares owned after grant
21,116 shares
Total direct common shares following the RSU grant
Vesting date
July 15, 2027
100% of the RSUs vest on this date if service continues
Grant price per share
$0.0000 per share
RSUs granted at no cash cost to the director
Key Terms
restricted stock unit (RSU), Equity Incentive Plan, non-employee directors, annual cash retainer, +1 more
5 terms
restricted stock unit (RSU) financial
"Each share is represented by a restricted stock unit (RSU)."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Equity Incentive Plan financial
"under the Issuer's 2025 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
non-employee directors financial
"under the Issuer's compensation program for non-employee directors."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
annual cash retainer financial
"granted to the Reporting Person in lieu of the annual cash retainer,"
Service Provider financial
"subject to the Reporting Person continuing through such date as a Service Provider,"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lumentum (LITE) director Ian Small report in this Form 4?
Ian Small reported receiving a grant of 108 restricted stock units (RSUs) from Lumentum on July 15, 2026. These RSUs convert into common shares upon vesting, were taken instead of his annual cash retainer, and brought his direct holdings to 21,116 Lumentum shares.
How many RSUs did Ian Small receive from Lumentum (LITE)?
He received 108 RSUs, each representing the right to receive one share of Lumentum common stock after vesting. The grant was made under the company’s compensation program for non-employee directors and was elected in lieu of his usual annual cash retainer.
When will Ian Small's Lumentum (LITE) RSUs vest?
All 108 RSUs are scheduled to vest 100% on July 15, 2027, provided Ian Small continues as a Service Provider under Lumentum’s 2025 Equity Incentive Plan. Once vested, each unit delivers one share of common stock.
Why were these Lumentum (LITE) RSUs granted to Ian Small?
The RSUs were granted under Lumentum’s compensation program for non-employee directors in lieu of the annual cash retainer. Ian Small elected to receive equity rather than cash, as permitted by the program’s design for non-employee director compensation.
Are Ian Small’s Lumentum (LITE) RSUs subject to conditions?
Yes. Vesting of the 108 RSUs requires that Ian Small continue through July 15, 2027 as a Service Provider under Lumentum’s 2025 Equity Incentive Plan. If this condition is met, each unit will deliver one share of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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