Lumentum (LITE) CFO Ali Wajid Receives Award; Shares Withheld

What Happened

• Ali Wajid, Chief Financial Officer of Lumentum Holdings (LITE), was credited with 53,296 shares on Aug 17, 2026 upon determination that performance conditions were met for PSUs. The filing shows two withholding/disposition transactions to satisfy tax obligations: 2,914 shares on Aug 15, 2026 at $926.14 ($2,698,772) and 28,754 shares on Aug 17, 2026 at $968.90 ($27,859,751). In total 31,668 shares were withheld/sold for taxes, representing approximately $30.56 million. The 53,296-share item is an award/acquisition (PSU vesting); the withheld shares are tax-withholding disposals (routine).

Key Details

• Transaction dates and prices:
  • 2026-08-15: 2,914 shares withheld/disposed @ $926.14 = $2,698,772 (tax withholding)
  • 2026-08-17: 53,296 shares acquired @ $0.00 = issuance on PSU vesting (per Compensation Committee determination)
  • 2026-08-17: 28,754 shares withheld/disposed @ $968.90 = $27,859,751 (tax withholding)
• Total shares withheld/sold: 31,668; total proceeds/withholding value: ~$30.56M.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F2 confirms the 53,296 shares are PSUs granted Aug 23, 2023 whose performance conditions were met; F1/F3 indicate shares were withheld by the issuer to satisfy income tax withholding on RSU/PSU vesting.
• Filing/timeliness: Form filed Aug 18, 2026 reporting transactions through Aug 17; the filing shows these events but does not assert a late-filing flag.

Context

• This was primarily a PSU vesting event (award/acquisition) combined with routine share withholding to cover income taxes. Withholding or issuer-retained shares to satisfy tax obligations are common and are not the same as an open-market sale driven by personal liquidity or market views. The acquisition here (PSU vesting) is an inward issuance to the executive; the withheld shares are standard tax-related disposals.