Lumentum Holdings CEO Michael Hurlston sold shares at $827.60 to meet tax withholding requirements from restricted stock unit vesting.
Lumentum Holdings Inc. (NASDAQ:LITE) CEO Michael Hurlston sold 6,185 shares on August 19 at a weighted average price of $827.60. The transaction was executed to satisfy tax withholding obligations tied to the vesting of restricted stock units, not a discretionary sale.
Following the sale, Hurlston retains direct ownership of 112,794 shares, representing a 0.14% stake in the company. The stock has delivered a one-year total return of 602% as of the transaction date. Hurlston also holds unvested equity awards, contributing to his total beneficial ownership.
The sale aligns with standard corporate procedures for tax remittance and does not reflect a change in the executive’s long-term equity exposure.