Thad Trent 4
4 · Lumentum Holdings Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Lumentum (LITE) Director Thad Trent Receives RSU Award
What Happened
Thad Trent, a non-employee director of Lumentum Holdings, was granted 108 restricted stock units (RSUs) on July 15, 2026. The filing reports an acquisition price of $0.00 for the award (typical for RSU grants); the RSUs represent the contingent right to receive one share of common stock per RSU upon vesting.
Key Details
- Transaction date: July 15, 2026; Form 4 filed July 16, 2026 (timely filing).
- Transaction type/code: Award/Grant (A) of 108 RSUs at $0.00 (reported acquisition value $0).
- Vesting: 100% of the RSUs vest on July 15, 2027, subject to Mr. Trent continuing service as a director.
- Reason: RSUs were granted in lieu of the director's annual cash retainer (per the company’s 2025 Equity Incentive Plan).
- Shares owned after transaction: not specified in the Form 4 filing.
Context
This was a compensation award (not an open-market purchase or sale). RSUs grant a future right to shares if vesting conditions are met and do not represent immediately tradable shares. Awards issued in lieu of cash retainers are a common director compensation practice and do not, by themselves, indicate a personal buy/sell decision.
Insider Transaction Report
- Award
Common Stock
[F1]2026-07-15+108→ 1,313 total
Footnotes (1)
- [F1]Each share is represented by a restricted stock unit (RSU). Each RSU represents the contingent right to receive, following vesting, one share of Common Stock of the Issuer. 100% of the RSUs shall vest on July 15, 2027, subject to the Reporting Person continuing through such date as a Service Provider, as defined under the Issuer's 2025 Equity Incentive Plan. The RSUs were granted to the Reporting Person in lieu of the annual cash retainer, at the election of the Reporting Person, under the Issuer's compensation program for non-employee directors.