Lumentum CEO Michael Hurlston Receives PSU Award (66,764 shares)

What Happened

• Michael Hurlston, President & CEO and a director of Lumentum Holdings (LITE), was awarded 66,764 performance stock units (PSUs) reported on a Form 4 with transaction date Aug 17, 2026. The award is reported at $0.00 per share (no immediate cash cost).

Key Details

• Transaction date: Aug 17, 2026; Form 4 filed Aug 27, 2026 (filed 10 days after the transaction; Form 4s are normally due within 2 business days).
• Shares/units granted: 66,764 PSUs; reported acquisition price: $0.00; total reported dollar amount: $0.
• Shares owned after transaction: the filing states beneficial ownership is reported as of Aug 17, 2026; the exact post-transaction total is not provided in the summary.
• Footnote: The Compensation Committee certified that the PSU performance conditions (from PSUs granted Aug 19, 2025) were achieved; these PSUs remain subject to time-based vesting — 100% vest on Aug 19, 2028, contingent on continued service.

Context

• This was an award of PSUs (not an open-market purchase or sale). The award reflects compensation tied to prior performance metrics but will not convert to shares until time-based vesting is satisfied in 2028. Awards reported at $0 often reflect equity compensation grants rather than cash purchases. The later-than-typical filing date is noted but does not by itself reveal intent or trading behavior.