GRANT SHANE 4

What Happened

• Grant Shane, a non-employee director of lululemon athletica inc. (LULU), was granted 695 restricted stock units (RSUs) on 2026-03-19. The Form 4 reports an acquisition (code A) of 695 shares at $0.00 (RSU grant). The award was granted in lieu of $115,000 of director retainer fees under the company's Non-Employee Director Compensation Plan.

Key Details

• Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (filed within required reporting window).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 695 RSUs; reported acquisition price $0.00 (compensation grant).
• Consideration/value: Granted in lieu of $115,000 of retainer fees (per filing footnote).
• Vesting: Each RSU converts to one share and vests in four equal installments on the last day of each fiscal quarter, subject to continued service.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• No 10b5-1 plan, tax withholding, or sale noted in this filing.

Context

• This is a compensation grant to a non-employee director (common practice) rather than an open-market purchase or sale; it reflects board compensation, not necessarily a personal market view. The RSUs will vest quarterly over four installments, so the director will only receive shares as those vesting conditions are met.