Lumentum (LITE) CFO Ali Wajid Sells Shares to Cover Taxes

What Happened Ali Wajid, Chief Financial Officer of Lumentum Holdings Inc. (LITE), had company shares withheld to satisfy income tax withholding related to vesting restricted stock units (RSUs). Two withholding disposals occurred: 4,093 shares at $827.60 each for $3,387,367 on 2026-08-19, and 6,635 shares at $866.71 each for $5,750,621 on 2026-08-21 — a combined total of 10,728 shares and roughly $9.14 million.

Key Details

• Transaction type: F (shares withheld to satisfy tax withholding on RSU vesting; treated as disposals)
• Dates & prices:
  • 2026-08-19: 4,093 shares @ $827.60 = $3,387,367
  • 2026-08-21: 6,635 shares @ $866.71 = $5,750,621
• Total shares withheld/disposed: 10,728; total value ≈ $9,137,988
• Footnote: F1 — shares were withheld by the issuer to satisfy income tax withholding and remittance obligations in connection with RSU vesting
• Shares owned after transaction: Not specified in the provided filing summary
• Filing timeliness: Report filed 2026-08-21 for transactions beginning 2026-08-19 — appears to be a timely Form 4 filing (no late filing flag indicated)

Context This was not an open-market sale but an issuer-withheld share disposition to cover tax obligations when RSUs vested (a routine administrative transaction). Such withholdings are common and do not necessarily signal the insider’s view on the company’s stock.