Harris Isaac Hosojiro 4
Research Summary
AI-generated summary
Lumentum (LITE) Director Harris Hosojiro Receives RSU Awards
What Happened
- Harris Isaac Hosojiro, a director (and formerly Interim Chief Procurement Officer), was granted a total of 952 fully vested restricted stock units (RSUs) in three grant events (374 on 3/31; 320 on 4/30; 258 on 5/29). The issuer withheld a total of 395 shares to satisfy tax withholding obligations, reported as dispositions with aggregate withholding proceeds of $325,551 (125 shares @ $702.76 = $87,845; 145 shares @ $902.32 = $130,836; 125 shares @ $854.96 = $106,870). Each RSU represents the right to one share of common stock.
Key Details
- Transaction dates and withholding steps:
- 2026-03-31: 374 RSUs granted; 125 shares withheld for taxes at $702.76/share (proceeds $87,845).
- 2026-04-30: 320 RSUs granted; 145 shares withheld for taxes at $902.32/share (proceeds $130,836).
- 2026-05-29: 258 RSUs granted; 125 shares withheld for taxes at $854.96/share (proceeds $106,870).
- Total RSUs granted: 952. Total shares withheld for taxes: 395. Total withholding value: $325,551.
- Footnotes: RSUs were fully vested (each converts to one share). The grants were made while the reporting person was Interim Chief Procurement Officer. Withheld shares were remitted to satisfy income tax withholding.
- Post-transaction beneficial ownership: specific post-transaction share counts are referenced in the Form 4 footnotes for 3/31, 4/30 and 5/29; see the filing for exact beneficial ownership figures.
Context
- These were awards of vested RSUs rather than open-market purchases or option exercises; the "dispositions" reflect employer withholding to cover tax obligations (common practice), not an independent sale by the insider. Such withholding transactions are routine and generally do not indicate a change in insider sentiment.