Lumentum (LITE) Director Penny Herscher Receives RSU Award

What Happened
Penny Herscher, a director of Lumentum Holdings, received a grant of 108 restricted stock units (RSUs) on July 15, 2026. The RSUs were recorded at $0.00 at grant (108 shares @ $0.00 = $0) and represent the contingent right to receive one share of common stock per RSU upon vesting. This grant was made in lieu of her annual cash retainer under the company's 2025 Equity Incentive Plan.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-16 (timely under the two-business-day rule).
• Grant specifics: 108 RSUs granted, grant price $0.00.
• Vesting: 100% of the RSUs vest on July 15, 2027, subject to continued service as a director (see footnote F1).
• Shares/ownership: These shares are held by the Bret Anders Herscher and Penelope Ann Herscher TTEES 2001 Herscher Family Trust U/A/D 6/14/2001 (footnote F2). Amount owned after the transaction is not specified in the provided excerpt.
• Filing timeliness: Filed one day after the transaction date, consistent with Form 4 timing requirements.

Context
RSUs are a form of compensation that convert to actual shares only upon vesting; this grant does not represent an open-market purchase or sale and does not indicate an immediate change in market exposure. The award was granted in lieu of cash compensation — a common practice for non-employee directors.