lululemon (LULU) CFO FRANK MEGHAN Withholds 28 Shares for Taxes

What Happened

FRANK MEGHAN, lululemon's CFO and Interim Co-CEO, had 28 shares withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs). The withholding was executed at a price of $117.55 per share, totaling approximately $3,291. This was a routine tax-withholding event tied to vesting, not an open-market sale driven by a discretionary decision to liquidate shares.

Key Details

• Transaction date: 2026-06-08
• Filing date (Form 4): 2026-06-10 (timely filing)
• Transaction type/code: F — shares withheld for tax obligations upon RSU vesting
• Shares withheld/disposed: 28 shares at $117.55 each, total ~$3,291
• Footnote: F1 indicates the shares were withheld to cover tax obligations from RSU vesting
• Shares owned after transaction: Not specified in the provided filing excerpt

Context

Tax-withholding on vested RSUs is a common, administrative transaction and does not necessarily signal insider sentiment about the company. The shares were withheld (a cashless settlement to cover taxes) rather than sold in an open-market transaction.