LITE Form 4: CFO Ali Wajid receives 5,133 vested PSUs, tax withholding applied
Rhea-AI Filing Summary
Ali Wajid, EVP & Chief Financial Officer of Lumentum Holdings Inc. (LITE), reported the vesting of performance stock units (PSUs) that resulted in the acquisition of 5,133 shares on 08/07/2025. The acquired shares were issued at a $0 purchase price as the PSUs vested after the Compensation Committee determined performance conditions were met for awards granted on 08/24/2022.
In connection with the vesting, 2,607 shares were withheld by the issuer to satisfy income tax withholding obligations at an indicated price of $111.13 per share. Following these transactions the reporting person’s beneficial ownership is reported as 49,986 shares (direct).
Positive
- 5,133 shares were acquired via PSU vesting, indicating performance conditions were met for awards granted on 08/24/2022.
- Beneficial ownership remains at 49,986 shares following the transactions, showing continued direct ownership by the reporting officer.
Negative
- 2,607 shares were withheld to satisfy income tax withholding, reducing the net increase in outstanding shares held by the reporting person.
- Acquisition occurred at $0 purchase price (issuance on vesting), so there was no cash investment by the reporting person in these shares.
Insights
TL;DR: PSUs granted 08/24/2022 vested, producing 5,133 shares; routine tax withholding reduced net shares to 49,986.
The filing shows the Compensation Committee determined performance conditions for PSUs granted on 08/24/2022 were met, triggering issuance of 5,133 shares to the EVP & CFO on 08/07/2025 with an acquisition price of $0 (typical for performance-based equity vesting). The issuer withheld 2,607 shares to satisfy income tax obligations at an indicated withholding valuation of $111.13 per share, leaving 49,986 shares beneficially owned. These are standard compensation mechanics, not a cash purchase or open-market sale.
TL;DR: Transaction is a routine PSU vesting event for a named executive; materiality to shareholders appears limited.
The Form 4 discloses a non-derivative issuance tied to performance-based awards and subsequent tax withholding. The reporting person continues to hold 49,986 shares directly after the transactions. The document lists an attorney-in-fact signature but contains no indications of derivative exercises, open-market trading, or unusual diversion of shares. The items disclosed are disclosure-compliant mechanics of executive equity compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,133 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,607 | $111.13 | $290K |
Footnotes (1)
- Represents the acquisition of shares upon the determination of the Compensation Committee of the Board of Directors of the Issuer that certain performance conditions were met with respect to certain performance stock units (PSUs) granted to the Reporting Person on August 24, 2022. Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of PSUs.
