MAESTRINI ANDRE 4

What Happened

• Andre Maestrini, President, CCO and Interim Co-CEO of lululemon athletica inc., was reported as acquiring 4,692 performance share units on 2026-03-13. The filing lists the acquisition price as $0.00 (a derivative award—contingent right to receive shares), so there was no cash purchase or sale.

Key Details

• Transaction date: 2026-03-13; Report filed: 2026-03-17.
• Transaction type: Award/Grant (derivative) — 4,692 performance share units (PSUs) acquired at $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnote F1: Each PSU represents a contingent right to one common share; the PSUs were originally granted 2023-03-30 for the three‑year period ending FY2025; the issuer certified achievement of performance goals on 2026-03-13.
• Footnote F2: The PSUs vest on 2026-03-30, subject to continued employment through that date.
• Filing timeliness: filing date is 4 days after the reported certification/transaction (no late-filing flag provided in the data supplied).

Context

• This transaction reflects a derivative award (performance share units) tied to multi-year performance goals. The company certified performance on March 13, 2026, which triggered the report of the contingent award; final vesting requires continued employment through March 30, 2026. Such awards are common in executive compensation and are distinct from open-market buys or sales.