Lumentum CEO has 6,185 shares withheld for taxes
Lumentum Holdings Inc. (LITE) reported that President and CEO Michael E. Hurlston had 6,185 shares of common stock withheld on 2026-08-19 to satisfy income tax withholding and remittance obligations related to vesting restricted stock units.
Rhea-AI Filing Summary
Lumentum Holdings Inc. (LITE) reported that President and CEO Michael E. Hurlston had 6,185 shares of common stock withheld on 2026-08-19 to satisfy income tax withholding and remittance obligations related to vesting restricted stock units. This code F transaction is not an open-market sale. Following the withholding, Hurlston directly holds 112,794 shares of Lumentum common stock.
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Insights
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Insider Trade Summary
Tax Withholding: 6,185 shares
Tax Withholding
1 txn
Insider
HURLSTON MICHAEL E.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 6,185 | $827.60 | $5.12M |
Holdings After Transaction:
Common Stock — 112,794 shares (Direct)
Footnotes (1)
- F1. Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
Key Figures
Shares withheld for tax: 6,185 shares
Transaction price per share: 827.6000
Shares held after transaction: 112,794 shares
3 metrics
Shares withheld for tax
6,185 shares
Common stock withheld 2026-08-19 to satisfy income tax obligations on RSU vesting
Transaction price per share
827.6000
Price per share used for the 6,185 withheld shares
Shares held after transaction
112,794 shares
Direct holdings of Michael E. Hurlston following the withholding transaction
Key Terms
restricted stock units, income tax withholding, Form 4
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
income tax withholding financial
"to satisfy income tax withholding and remittance obligations"
Form 4 regulatory
"The Form 4 reports a transaction price of"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Lumentum (LITE) report for CEO Michael E. Hurlston?
Lumentum reported that CEO Michael E. Hurlston had 6,185 shares of common stock withheld on 2026-08-19 to cover income tax obligations arising from the vesting of restricted stock units.
Was the LITE CEO’s Form 4 transaction an open-market sale?
No. The Form 4 states the code F transaction represents shares withheld by Lumentum to satisfy income tax withholding and remittance obligations tied to vesting restricted stock units, rather than an open-market sale.
Was the LITE CEO’s Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and there is no footnote indicating the transaction was executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.