lululemon (LULU) CEO Heidi O'Neill Receives Awards (RSUs/Options)

What Happened
Heidi O'Neill, CEO and director of lululemon athletica inc. (LULU), was granted three equity awards on September 9, 2026 totaling 173,597 derivative shares: 28,079; 40,223; and 105,295. Each grant is reported at a price of $0.00 on the Form 4 (i.e., awards/derivatives granted rather than open-market purchases), and the filing was made on September 11, 2026.

Key Details

• Transaction date: 2026-09-09; Form 4 filed: 2026-09-11 (timely filing). Transaction code: A (award/grant).
• Grants reported: 28,079; 40,223; 105,295 — total 173,597 derivative shares; reported price: $0.00 (no cash paid for grant as shown on Form 4).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes / vesting:
  • F1: Each restricted stock unit (RSU) converts to one share; settlement may be in shares or cash at the reporting person’s election.
  • F2: RSUs vest 50% on Sept 9, 2027 and 50% on Sept 9, 2028, subject to continued service.
  • F3: Some options (if applicable) vest 25% on each of Sept 9, 2027–2030, subject to continued service.
  • F4: Some options (if applicable) vest 50% on each of Sept 9, 2027 and Sept 9, 2028, subject to continued service.
• No 10b5-1 plan, tax withholding, or immediate sale (cashless exercise) is noted in the provided footnotes.

Context
These are compensation awards (RSUs and/or option grants) tied to continued employment and multi-year vesting schedules — common for executive pay. Because the awards vest over time and may settle in stock or cash, they do not reflect an immediate purchase or sale by the CEO and should be viewed as compensation-related rather than an outright market buy or sell.