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Lululemon CFO granted stock options and shares

lululemon athletica inc. reported that its Chief Financial Officer, Frank Meghan, received equity awards on 2025-12-15.

(Neutral)
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Form Type
4

Rhea-AI Filing Summary

lululemon athletica inc. reported that its Chief Financial Officer, Frank Meghan, received equity awards on 2025-12-15. The awards include stock options for 4,614 and 24,607 shares of common stock with an exercise price of $206.29 per share expiring on 2035-12-15, plus grants of 1,212 and 9,695 shares of common stock at $0.00 per share. Footnote disclosures state that RSUs vest over three annual installments of 33%, 33%, and 34% starting one year after grant, and options vest in four equal annual installments, in each case subject to continued service and other vesting conditions.

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Insider FRANK MEGHAN
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Stock Option (right to buy) 4,614 $0.00 $0.00
Grant/Award Stock Option (right to buy) 24,607 $0.00 $0.00
Grant/Award Common Stock 1,212 $0.00 $0.00
Grant/Award Common Stock 9,695 $0.00 $0.00
Holdings After Transaction: Stock Option (right to buy) — 29,221 contracts (Direct); Common Stock — 25,521 shares (Direct)
Footnotes (2)
  1. F1. Consists of restricted stock units (RSUs), each of which represents a contingent right to receive one share of common stock. The RSUs vest in three annual installments of 33%, 33%, and 34% beginning on the first anniversary of the grant date, subject to continued service and other applicable vesting provisions under the award agreement.
  2. F2. Each option vests in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service and other applicable vesting provisions under the award agreement.
Stock options granted 4,614 shares Stock Option (right to buy) granted to Chief Financial Officer on 2025-12-15
Additional stock options granted 24,607 shares Second Stock Option (right to buy) grant on 2025-12-15
Option exercise price 206.2900 per share Conversion or exercise price for stock options granted on 2025-12-15
Option expiration date 2035-12-15 Expiration date for both stock option grants
Common stock grant 1,212 shares Common stock award reported on 2025-12-15 at $0.00 per share
Additional common stock grant 9,695 shares Second common stock award reported on 2025-12-15 at $0.00 per share
restricted stock units (RSUs) financial
"Consists of restricted stock units (RSUs), each of which represents a contingent right"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
vesting financial
"The RSUs vest in three annual installments of 33%, 33%, and 34%"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price: 206.2900"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2035-12-15"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LULU Chief Financial Officer Frank Meghan report on this Form 4?

Frank Meghan reported equity awards from lululemon athletica inc., including stock options and common stock grants on 2025-12-15. These awards form part of his compensation and are subject to multi-year vesting conditions tied to continued service.

How many lululemon (LULU) stock options were granted and at what exercise price?

Two stock option grants were reported, covering 4,614 and 24,607 underlying shares of common stock at an exercise price of $206.29 per share. Both option grants expire on 2035-12-15, assuming they are not exercised or otherwise terminated earlier.

What common stock awards did LULU CFO Frank Meghan receive?

The filing shows grants of 1,212 and 9,695 shares of lululemon common stock at a reported price of $0.00 per share. Footnote language indicates these consist of restricted stock units that convert into shares upon vesting, subject to continued service.

What are the vesting terms of the RSUs disclosed for LULU?

The RSUs vest in three annual installments of 33%, 33%, and 34%, beginning on the first anniversary of the grant date. Vesting is subject to continued service and other applicable provisions outlined in the relevant award agreement.

How do the lululemon (LULU) stock options granted to the CFO vest and when do they expire?

Each option grant vests in four equal annual installments, starting on the first anniversary of the grant date, subject to continued service and award conditions. The options have an expiration date of 2035-12-15 if not earlier exercised or forfeited.

Does this LULU Form 4 show a purchase or sale of shares by the CFO?

The Form 4 reports only acquisitions through grants of stock options and common stock, coded as transaction type “A.” There are no sales or disposals reported, and no open-market purchase or sale prices appear in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025
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
Common Stock(1) 12/15/2025 A(1) 1,212 A $0 15,826 D
Common Stock 12/15/2025 A(1) 9,695 A $0 25,521 D
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
Stock Option (right to buy) $206.29 12/15/2025 A 4,614 (2) 12/15/2035 Common Stock 4,614 $0 4,614 D
Stock Option (right to buy) $206.29 12/15/2025 A 24,607 (2) 12/15/2035 Common Stock 24,607 $0 24,607 D
Explanation of Responses:
1. Consists of restricted stock units (RSUs), each of which represents a contingent right to receive one share of common stock. The RSUs vest in three annual installments of 33%, 33%, and 34% beginning on the first anniversary of the grant date, subject to continued service and other applicable vesting provisions under the award agreement.
2. Each option vests in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service and other applicable vesting provisions under the award agreement.
/s/ Meghan Frank by Alex Grieve, Attorney-in-Fact 12/17/2025
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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