Thad Trent 4

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.