HURLSTON MICHAEL E. 4
Research Summary
AI-generated summary
Lumentum (LITE) CEO Michael Hurlston Sells 20,169 Shares
What Happened
Michael E. Hurlston, President & CEO and a director of Lumentum Holdings Inc. (LITE), had 20,169 shares disposed of on February 7, 2026. The shares were withheld by the company at a per-share value of $551.99 to satisfy income tax withholding related to the vesting of restricted stock units (RSUs), for a total value of approximately $11,133,086. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-07; Form 4 filed: 2026-02-10.
- Price used for withholding: $551.99 per share; total value: $11,133,086.
- Transaction type: F — shares withheld by issuer to satisfy income tax withholding on vested RSUs (cashless/tax-withholding disposition).
- Shares owned after transaction: not specified in the details provided here (see the official Form 4 for total holdings).
- Footnotes:
- F1: Shares were withheld by the issuer to meet income tax withholding and remittance obligations in connection with RSU vesting.
- F2: Includes 320 shares acquired under the issuer's Employee Stock Purchase Plan on Nov 14, 2025.
- Filing timeliness: Form filed three days after the transaction (filed 2026-02-10 for a 2026-02-07 transaction); no late-filing flag was provided in the summary here.
Context
A tax-withholding share disposition is a common administrative action when RSUs vest — the company retains (withholds) some shares to cover required taxes. This type of transaction typically does not signal a CEO decision to reduce exposure via an open-market sale; it reflects compensation tax obligations being satisfied. For full holding details and any additional context, consult the official Form 4 filing (Accession No. 0001573338-26-000003).