Retort Vincent 4

What Happened
Vincent Retort, Executive Vice President, Module Business Unit R&D and Product Development at Lumentum (LITE), disposed of a total of 6,482 shares in mid-May 2026 for roughly $6.24 million. On May 15, 2026, 3,299 shares were withheld by the issuer to satisfy tax withholding related to vested restricted stock units (with a value reported at $3,202,339, $970.70 per share). On May 18, 2026, 3,183 shares were sold in an open-market transaction at $953.95 per share for $3,036,423. Both transactions are sales (routine disposition/settlement rather than purchases).

Key Details

• Dates and prices:
  • 2026-05-15: 3,299 shares withheld at $970.70/share (treated as tax withholding) — $3,202,339.
  • 2026-05-18: 3,183 shares sold open market at $953.95/share — $3,036,423.
• Total shares disposed: 6,482; total proceeds/consideration ≈ $6.24M.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • The 3,299-share withholding represents shares retained by the issuer to satisfy income tax withholding on RSU vesting.
  • That lot includes 70 shares acquired through the company’s Employee Stock Purchase Plan (ESPP) on May 15, 2026.
  • The May 18 sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 13, 2025.
• Filing: Form 4 was filed May 19, 2026, reporting transactions on May 15 and May 18; no late-filing flag is present in the excerpt provided.

Context
This was primarily a tax-withholding/settlement of vested RSUs (the withheld shares) and a subsequent planned open-market sale under a pre-established 10b5-1 plan. Such sales are often routine (e.g., to cover taxes or follow a trading plan) and are not, by themselves, directional endorsements of the stock.