Lumentum (LITE) EVP Vincent Retort Sells 12,566 Shares

What Happened
Vincent Retort, Executive Vice President, Global Reliability & Quality at Lumentum (LITE), disposed of a total of 12,566 shares between Aug 19–21, 2026 for aggregate proceeds of about $10.69M. Transactions reported:

• Aug 19, 2026 — 2,574 shares withheld to satisfy tax obligations at $827.60/share for $2,130,242 (tax withholding).
• Aug 20, 2026 — 2,483 shares sold open-market at $827.82/share for $2,055,477 (sale pursuant to a Rule 10b5-1 plan).
• Aug 21, 2026 — 7,509 shares withheld to satisfy tax obligations at $866.71/share for $6,508,125 (tax withholding).

Key Details

• Transaction dates & prices: 8/19 @ $827.60; 8/20 @ $827.82; 8/21 @ $866.71.
• Total shares sold/withheld: 12,566 shares; total proceeds ≈ $10,693,844.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes: F1 = shares withheld by issuer to satisfy income tax withholding on RSU vesting; F2 = the 8/20 sale was made under a Rule 10b5-1 trading plan adopted Nov 13, 2025.
• Filing: Form 4 filed 2026-08-21 reporting transactions dated Aug 19–21, 2026; timing appears within the normal reporting window.

Context
The two "payment of exercise price or tax liability" entries are routine share-withholding to cover taxes on vested equity (not an active discretionary sale). The Aug 20 open-market sale was executed under a pre-established Rule 10b5-1 plan, indicating it was likely pre-planned rather than a spontaneous sale. These filings are factual disclosures of insider activity and do not, by themselves, indicate company performance or the insider’s private view of the stock.