A Lumentum Executive Sold 2,000 Shares Under a Plan He Filed in May. Here's What to Know
Most of this transaction was non-discretionary and driven by tax withholding on vested restricted stock units.
Overview
Wupen Yuen, president of global business units at Lumentum Holdings Inc. (NASDAQ:LITE), disposed of 12,565 shares of common stock on August 19 and August 20, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($851.30); post-transaction value based on the August 21 market close ($866.71).
Details
Lumentum Holdings Inc. is a global leader in optical and photonic product manufacturing with a market capitalization of $68.4 billion and approximately 10,562 employees. The company leverages advanced photonic technologies to address the growing demand for high-speed data transmission and industrial laser applications, positioning itself at the intersection of telecommunications infrastructure and emerging industrial automation trends. With TTM revenue of $3.0 billion, Lumentum maintains a strategic focus on innovation and market expansion within the communication equipment sector.
Source
Originally published at www.fool.com.