Lumentum CFO Ali Wajid Receives 22,760-Share Award

What Happened Ali Wajid, Chief Financial Officer of Lumentum Holdings Inc. (LITE), was reported to have been granted 22,760 shares (performance stock units) on August 17, 2026. The reported acquisition price is $0.00 (total $0), reflecting a compensation award rather than an open-market purchase or sale. This grant was part of a PSU award whose performance conditions were certified by the Compensation Committee; the shares remain subject to time-based vesting.

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 27, 2026 (outside the typical 2-business-day reporting window).
• Grant type/code: A (award/grant); acquisition reported at $0.00 per share (22,760 shares).
• Vesting: 100% of these PSUs vest on August 19, 2028, contingent on continued service through that date (see footnote F1).
• Shares owned after transaction: not specified in the provided filing text; filing notes beneficial ownership as of August 17, 2026 and before other transactions reported Aug 17–18 (see footnote F2).
• Footnotes: F1 explains performance conditions were certified and time-based vesting remains; F2 clarifies the timing of the beneficial ownership figure relative to other filings.

Context This is a compensation-related grant of performance stock units, not a market purchase or sale, so it represents deferred compensation rather than an immediate bullish or bearish trade. Because the PSUs are time-vested through 2028, any eventual value depends on future vesting and the company's stock price at vesting. The Form 4 was filed about 10 days after the transaction date, which is later than the usual two-business-day reporting window and may reduce near-term transparency for investors.