lululemon (LULU) CFO granted 3,754 performance units tied to 2025 goals

Rhea-AI Filing Summary

lululemon athletica inc. executive Meghan Frank, the CFO and Interim Co-CEO, reported the acquisition of 3,754 performance share units tied to company results. Each unit represents a right to receive one share of common stock, giving her a potential 3,754 shares after vesting.

The units were originally granted on March 30, 2023 for a three-year performance period ending at the close of fiscal 2025. The company certified that the performance goals were achieved on March 13, 2026. The performance share units are scheduled to vest on March 30, 2026, subject to her continued employment through that date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FRANK MEGHAN

(Last) (First) (Middle)

C/O LULULEMON ATHLETICA INC.

1818 CORNWALL AVENUE

(Street)

VANCOUVER A1 V6J 1C7

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
lululemon athletica inc. [ LULU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & Interim Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units	(1)	03/13/2026		A		3,754		(2)	03/30/2026	Common Stock	3,754	$0	3,754	D

Explanation of Responses:

1. Each performance share unit represents a contingent right to receive one share of the issuer's common stock. The performance share units were granted on March 30, 2023, with respect to the three-year period ending at the end of fiscal 2025. The issuer certified the achievement of the performance goals on March 13, 2026.

2. The performance share units vest on March 30, 2026, subject to continued employment through that date.

	/s/ Meghan Frank by Alex Grieve, Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did lululemon (LULU) report for CFO Meghan Frank?

lululemon reported that CFO and Interim Co-CEO Meghan Frank acquired 3,754 performance share units. Each unit represents a contingent right to receive one share of common stock, subject to performance certification and future vesting conditions.

How many performance share units did lululemon (LULU) grant to its CFO?

Meghan Frank reported 3,754 performance share units following the transaction. These units can convert into an equal number of common shares if conditions are met, aligning her compensation with lululemon’s longer-term financial and operational performance.

What performance period applies to Meghan Frank’s lululemon (LULU) performance share units?

The performance share units were granted on March 30, 2023 and relate to a three-year period ending at the end of fiscal 2025. lululemon certified achievement of the applicable performance goals on March 13, 2026, triggering the award outcome.

When do lululemon (LULU) CFO Meghan Frank’s performance share units vest?

The performance share units are scheduled to vest on March 30, 2026. Vesting is contingent on Meghan Frank’s continued employment with lululemon through that date, after which each vested unit entitles her to one share of common stock.

Is Meghan Frank’s lululemon (LULU) Form 4 transaction an open-market stock purchase?

No, the Form 4 reports a compensation-related grant of 3,754 performance share units, not an open-market stock purchase or sale. The award reflects certified performance over a multi-year period and vests later, subject to continued employment.

How does this lululemon (LULU) Form 4 affect CFO Meghan Frank’s share-based position?

After this transaction, Meghan Frank reports holding 3,754 performance share units linked to lululemon common stock. These units represent a potential future equity stake once they vest and settle, assuming all vesting conditions continue to be met.