Lumentum (LITE) CEO Michael Hurlston Withholds 6,185 Shares for Taxes

What Happened

• Michael E. Hurlston, President & CEO and Director of Lumentum Holdings (LITE), had 6,185 shares disposed on 2026-08-19 as a tax-withholding event related to the vesting of restricted stock units. The filing reports a per-share amount of $827.60, for a total value of approximately $5,118,706. This was a withholding to satisfy tax obligations (routine), not an open-market sale intended as a trading signal.

Key Details

• Transaction date: 2026-08-19
• Reported price per share: $827.60; total value reported: ~$5,118,706
• Transaction code: F (shares withheld to satisfy tax withholding obligations)
• Shares owned after the transaction: Not disclosed in the Form 4 filing
• Footnote: F1 — shares were withheld by the issuer to satisfy income tax withholding and remittance obligations in connection with RSU vesting
• Filing date: 2026-08-21 (Form 4 accession: 0001573338-26-000015); filing timeliness not indicated as late in the filing

Context

• This was a tax-withholding/cashless-type disposition tied to RSU vesting, a common administrative action that does not necessarily reflect the insider’s view of the company. Unlike an open-market sale, withheld shares are retained by the company to cover taxes.