Lumentum's CEO Parted With 6,185 Shares in August. Here's What Long-Term Investors Should Know
This was a non-discretionary sale tied to restricted stock unit vesting and tax withholding.
Overview
Michael E. Hurlston, the president and CEO of Lumentum Holdings Inc. (NASDAQ:LITE), disposed of 6,185 shares of common stock on August 19, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($827.60); post-transaction value based on the August 19 market close ($827.60).
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 technology to address critical infrastructure demands in telecommunications and industrial markets, positioning itself at the intersection of 5G deployment, data center expansion, and industrial automation. Lumentum's competitive advantage derives from its specialized expertise in optical component design and manufacturing, enabling it to serve as a critical supplier to the world's largest telecommunications and technology infrastructure providers.
Source
Originally published at www.fool.com.
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