What to Know About the CFO of Lumentum's Latest Insider Transaction Filing
Tax withholding obligations from vesting RSUs triggered the non-discretionary sale, reducing his direct holdings by 13%. He retains 71,851 shares valued at $62.27 million.
Overview
Ali Wajid, EVP and chief financial officer of Lumentum Holdings Inc. , reported the disposal of 10,728 shares of the company on August 19 and August 21, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($851.79); 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.