Lumentum Holdings Inc. executive Wupen Yuen sold 2,000 shares under a Rule 10b5-1 plan, with most shares withheld for tax obligations.
Lumentum Holdings Inc. (NASDAQ:LITE) President Wupen Yuen sold 2,000 shares of common stock on August 19 and 20, executed under a pre-arranged Rule 10b5-1 trading plan adopted in May. The weighted average sale price was $851.30 per share, while the stock closed at $866.71 on August 21.
The transaction included 10,565 shares withheld by the company to cover tax obligations from restricted stock unit vesting, accounting for 84% of the reported volume. Yuen retains direct ownership of 93,229 shares, equivalent to a 0.1% stake in the $68.4 billion firm.
The remaining shares and derivative securities ensure continued alignment with shareholder interests, according to the SEC filing.