Lumentum CEO Michael Hurlston Sells Shares, Receives RSU Award

What Happened
Michael E. Hurlston, President, CEO and a director of Lumentum Holdings, sold 548 shares in an open-market transaction on Aug 27, 2026 for $958.66 per share, totaling $525,346. Two days earlier (Aug 25, 2026) he was granted 7,941 restricted stock units (RSUs) with no cash purchase price (typical equity award).

Key Details

• Transactions:
  • 2026-08-25 — Award/Grant: 7,941 RSUs @ $0.00 (no cash paid)
  • 2026-08-27 — Sale (open market): 548 shares @ $958.66 = $525,346
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes:
  • F1 — The 7,941 RSUs represent contingent rights to receive one share per RSU after vesting; 1/3 vests one year from the grant date, remainder vests in eight equal quarterly installments (Nov/Feb/May/Aug 15) subject to continued employment and the 2025 Equity Incentive Plan.
  • F2 — The Aug 27 sale was executed under a Rule 10b5-1 trading plan adopted by Hurlston on May 28, 2026 (a prearranged plan for scheduled sales).
• Filing timeliness: Form 4 was filed Aug 27, 2026; based on the reported dates this appears to be timely.

Context
RSU grants are deferred compensation that convert to shares only as they vest; the grant itself does not represent an immediate purchase. The sale was made under a 10b5-1 plan, which typically indicates the sale was preplanned rather than an ad-hoc decision. Sales by executives can be routine (e.g., for diversification, taxes, or prearranged plans) and do not necessarily signal a change in insider sentiment.