lululemon CFO Frank Meghan Withholds 400 Shares for Taxes

What Happened

• Frank Meghan, CFO and Interim Co-CEO of lululemon athletica inc. (LULU), had 400 shares withheld on 2026-03-31 to satisfy tax obligations tied to vesting restricted stock units (RSUs). The shares were valued at $153.10 each, totaling $61,240. This is a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-31; Filing date (Form 4): 2026-04-02 (timely filing).
• Price: $153.10 per share; Total value: $61,240.
• Transaction type/code: F — shares withheld to cover tax liabilities on RSU vesting.
• Footnote: F1 — represents shares withheld for tax obligations in connection with vesting of restricted stock units.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was a routine tax-withholding action (often called a "net settlement" or shares withheld) rather than a market sale; such transactions are common when RSUs vest and do not by themselves signal insider sentiment.