Ali Wajid 4
Research Summary
AI-generated summary
Lumentum (LITE) CFO Ali Wajid Withholds 2,755 Shares for Taxes
What Happened
- Ali Wajid, Chief Financial Officer of Lumentum Holdings, had 2,755 shares withheld/disposed to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding was recorded at $562.74 per share, totaling $1,550,349.
Key Details
- Transaction date: 2026-02-15; Form 4 filed: 2026-02-18.
- Transaction type/code: F (shares withheld to satisfy tax liabilities on vesting).
- Shares involved: 2,755 shares withheld; price per share: $562.74; total value: $1,550,349.
- Shares owned after transaction: Not specified in the supplied excerpt — see the Form 4 for post-transaction holdings.
- Footnote: F1 — shares were withheld by the issuer to satisfy income tax withholding and remittance obligations tied to RSU vesting.
- Timeliness: Filing shows a 2026-02-18 file date for a 2026-02-15 transaction. Check the full Form 4 for any late-filing flag or explanations.
Context
- This was a tax-withholding/cashless action following RSU vesting, not an open-market sale or a purchase — a routine administrative step that does not by itself signal insider buying or selling intent. For investors, purchases are typically more informative than routine withholdings; consult the full Form 4 for holdings and any other transactions by the insider.