Lumentum (LITE) CEO Michael Hurlston Withholds 5,438 Shares for Taxes

What Happened
Michael E. Hurlston, President & CEO and a director of Lumentum Holdings (LITE), had 5,438 shares withheld by the company on 2026-08-15 to satisfy income tax withholding related to the vesting of restricted stock units. The withholding was recorded at $926.14 per share, a total value of $5,036,349. This was a tax-withholding transaction, not an open-market sale.

Key Details

• Transaction date and price: 2026-08-15 at $926.14 per share.
• Shares withheld/disposed: 5,438 shares; total value ≈ $5,036,349.
• Filing date: Form 4 filed 2026-08-18 (covers the 8/15 transaction).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — shares were withheld by the issuer to satisfy income tax withholding and remittance obligations upon RSU vesting.
• Transaction type: Code F (tax withholding), not a purchase (P) or sale (S) in the open market.

Context
Withholding shares to cover taxes on vested RSUs is a common, administrative action and does not indicate an insider choosing to sell shares on the market. For retail investors, purchases or open-market sales are generally more informative about insider sentiment than routine tax-withholding transactions.