Lumentum director awarded 108 RSUs in lieu of cash
Fletcher Pamela reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Fletcher Pamela reported acquisition or exercise transactions in this Form 4 filing.
Lumentum Holdings Inc. director Pamela Fletcher received a grant of 108 restricted stock units (RSUs), each representing a contingent right to one share of common stock. The RSUs will vest 100% on July 15, 2027, subject to her continued service under Lumentum’s 2025 Equity Incentive Plan.
The award was taken in lieu of the annual cash retainer under the company’s compensation program for non-employee directors. Following this grant, Fletcher’s direct holdings total 7,514 common stock-equivalent shares.
Insider Trade Summary
Grant/Award: 108 shares
Grant/Award
1 txn
Insider
Fletcher Pamela
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 108 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 7,514 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 After Grant: 7,514 shares
Vesting Date: July 15, 2027
+2 more
5 metrics
RSUs Granted
108 shares
Restricted stock units granted to Pamela Fletcher as director compensation
Shares After Grant
7,514 shares
Total direct common stock-equivalent holdings following the award
Vesting Date
July 15, 2027
100% of the RSUs vest on this date, subject to continued service
Grant Price
$0.0000 per share
Compensation award with no cash paid by the director
Equity Plan Year
2025
RSUs granted under the issuer's 2025 Equity Incentive Plan
Key Terms
restricted stock unit (RSU), Equity Incentive Plan, annual cash retainer, non-employee directors
4 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.
annual cash retainer financial
"granted ... in lieu of the annual cash retainer"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Pamela Fletcher report for Lumentum (LITE)?
Pamela Fletcher reported receiving 108 restricted stock units (RSUs) of Lumentum Holdings Inc. common stock. The RSUs are a compensation grant, not an open-market purchase, and were elected instead of her usual cash retainer as a non-employee director.
How many RSUs did Lumentum (LITE) grant to Pamela Fletcher and when do they vest?
Lumentum granted Pamela Fletcher 108 RSUs that vest 100% on July 15, 2027. Vesting is contingent on her continuing through that date as a Service Provider under Lumentum’s 2025 Equity Incentive Plan.
What are Pamela Fletcher’s Lumentum (LITE) holdings after this RSU grant?
After the reported award, Pamela Fletcher directly holds 7,514 common stock-equivalent shares of Lumentum. This figure includes the newly granted 108 RSUs, which each represent a contingent right to receive one share upon vesting.
Why did Pamela Fletcher receive RSUs instead of cash from Lumentum (LITE)?
The 108 RSUs were granted in lieu of Lumentum’s annual cash retainer for non-employee directors. Fletcher elected to take her director compensation as equity under the company’s program rather than receiving the retainer in cash.
Under which plan were Pamela Fletcher’s Lumentum (LITE) RSUs granted?
The 108 RSUs were granted under Lumentum’s 2025 Equity Incentive Plan. The plan defines “Service Provider” status, and full vesting on July 15, 2027 depends on Fletcher continuing in that capacity through the vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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