Lumentum CFO disposes 2,755 shares for taxes
Lumentum Holdings Inc. executive vice president and chief financial officer Ali Wajid reported a tax-related share disposition.
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Rhea-AI Filing Summary
Lumentum Holdings Inc. executive vice president and chief financial officer Ali Wajid reported a tax-related share disposition. On this Form 4, he disposed of 2,755 shares of common stock at a reported price of $562.74 per share through a transaction coded “F,” which is used when shares are withheld to cover income tax obligations. A footnote explains the shares were withheld by the company to satisfy income tax withholding and remittance tied to vesting of restricted stock units, rather than an open-market sale. After this transaction, Wajid still directly holds 71,589 shares of Lumentum common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,755 | $562.74 | $1.55M |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Lumentum (LITE) report for Ali Wajid?
Was Ali Wajid’s Lumentum (LITE) Form 4 transaction an open-market sale?
What does transaction code F mean on the Lumentum (LITE) Form 4 for Ali Wajid?
AI-generated analysis. How Rhea-AI works. Not financial advice.