Lumentum (LITE) CFO uses 2,755 shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ali Wajid
Role
EVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,755 | $562.74 | $1.55M |
Holdings After Transaction:
Common Stock — 71,589 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Lumentum (LITE) report for Ali Wajid?
Lumentum reported that CFO Ali Wajid disposed of 2,755 common shares through a tax-withholding transaction. The shares were withheld by the company to cover income tax obligations when restricted stock units vested.
Was Ali Wajid’s Lumentum (LITE) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Lumentum to satisfy income tax and remittance obligations upon the vesting of restricted stock units granted to Ali Wajid.
What does transaction code F mean on the Lumentum (LITE) Form 4 for Ali Wajid?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, the filing explains the issuer withheld shares to satisfy income tax and remittance obligations tied to restricted stock unit vesting.