Retort Vincent 4
4 · Lumentum Holdings Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Lumentum (LITE) Exec VP Vincent Retort Sells 6,480 Shares (~$3.6M)
What Happened
- Vincent Retort, Executive Vice President, Module Business Unit R&D and Product Development at Lumentum (LITE), disposed of a total of 6,480 shares in mid‑February 2026 for roughly $3.59 million.
- On 2026-02-15, 3,039 shares were withheld by the issuer to satisfy income tax withholding related to restricted stock unit (RSU) vesting (reported as a tax withholding payment, code F) totaling about $1.71M. On 2026-02-17, he sold 3,441 shares in multiple open‑market trades (code S) for roughly $1.88M, with trade prices reported in multiple ranges (roughly $530.70 to $557.99).
Key Details
- Transaction dates: 2026-02-15 (tax withholding/settlement) and 2026-02-17 (open‑market sales). Form 4 filed 2026-02-18 (timely).
- Prices: tax‑withheld shares accounted at $562.74 each; open‑market sales executed across multiple trades with prices ranging approximately $530.70–$557.99 (footnotes give narrower ranges per trade group).
- Shares disposed: 3,039 (tax withholding) + 3,441 (open market) = 6,480 shares. Gross proceeds from open‑market sales ≈ $1.88M; combined value including withheld shares ≈ $3.59M.
- Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
- Notable footnotes: tax withholding for RSU vesting (F1); some sales were executed pursuant to a Rule 10b5‑1 trading plan adopted Nov 13, 2025 (F2); multiple trades and weighted‑average reporting for several price ranges (F3–F16).
Context
- The 3,039‑share action is a tax withholding in connection with RSU vesting (common and not a market sentiment signal by itself). The remaining 3,441 shares were sold in the open market, some under a pre‑arranged 10b5‑1 plan, which schedules sales regardless of short‑term views.
- These were sales (not purchases). Retail investors often view purchases as more informative of insider confidence; sales can be routine (taxes, diversification, pre‑planned trades). No inference about motivation should be drawn from the filing alone.
Insider Transaction Report
Form 4
Retort Vincent
SEE REMARKS
Transactions
- Tax Payment
Common Stock
[F1]2026-02-15$562.74/sh−3,039$1,710,167→ 99,416 total - Sale
Common Stock
[F2][F3]2026-02-17$530.80/sh−240$127,393→ 99,176 total - Sale
Common Stock
[F2][F4]2026-02-17$532.72/sh−170$90,562→ 99,006 total - Sale
Common Stock
[F2]2026-02-17$534.35/sh−5$2,672→ 99,001 total - Sale
Common Stock
[F2][F5]2026-02-17$537.89/sh−444$238,822→ 98,557 total - Sale
Common Stock
[F2][F6]2026-02-17$538.78/sh−300$161,634→ 98,257 total - Sale
Common Stock
[F2][F7]2026-02-17$540.29/sh−112$60,513→ 98,145 total - Sale
Common Stock
[F2]2026-02-17$540.51/sh−90$48,646→ 98,055 total - Sale
Common Stock
[F2][F8]2026-02-17$542.26/sh−180$97,607→ 97,875 total - Sale
Common Stock
[F2][F9]2026-02-17$548.95/sh−130$71,364→ 97,745 total - Sale
Common Stock
[F2][F10]2026-02-17$549.87/sh−576$316,726→ 97,169 total - Sale
Common Stock
[F2][F11]2026-02-17$551.18/sh−160$88,188→ 97,009 total - Sale
Common Stock
[F2][F12]2026-02-17$552.16/sh−275$151,845→ 96,734 total - Sale
Common Stock
[F2][F13]2026-02-17$553.11/sh−110$60,842→ 96,624 total - Sale
Common Stock
[F2][F14]2026-02-17$554.51/sh−159$88,168→ 96,465 total - Sale
Common Stock
[F2][F15]2026-02-17$556.23/sh−185$102,902→ 96,280 total - Sale
Common Stock
[F2][F16]2026-02-17$557.84/sh−305$170,142→ 95,975 total
Footnotes (16)
- [F1]Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
- [F10]These sales were executed in multiple trades at prices ranging from $549.405 to $550.345.
- [F11]These sales were executed in multiple trades at prices ranging from $550.60 to $551.39.
- [F12]These sales were executed in multiple trades at prices ranging from $551.93 to $552.81.
- [F13]These sales were executed in multiple trades at prices ranging from $553.00 to $553.38.
- [F14]These sales were executed in multiple trades at prices ranging from $554.465 to $554.665.
- [F15]These sales were executed in multiple trades at prices ranging from $556.05 to $556.405.
- [F16]These sales were executed in multiple trades at prices ranging from $557.50 to $557.99.
- [F2]These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 13, 2025.
- [F3]These sales were executed in multiple trades at prices ranging from $530.70 to $531.055. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide full information regarding the number of shares sold at each separate price, within the ranges set forth in footnotes (3) through (16) to this Form 4, upon request, to the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
- [F4]These sales were executed in multiple trades at prices ranging from $532.36 to $533.23.
- [F5]These sales were executed in multiple trades at prices ranging from $537.50 to $538.00.
- [F6]These sales were executed in multiple trades at prices ranging from $538.50 to $539.34.
- [F7]These sales were executed in multiple trades at prices ranging from $539.51 to $540.44.
- [F8]These sales were executed in multiple trades at prices ranging from $541.78 to $542.65.
- [F9]These sales were executed in multiple trades at prices ranging from $548.345 to $549.22.
Signature
/s/ Jae Kim as Attorney-in-Fact|2026-02-18