Lumentum EVP retort sells $2.89 million in company shares By Investing.com

Vincent Retort, Executive Vice President of Global Reliability & Quality at Lumentum Holdings Inc. (), sold 3,183 shares of common stock for a total value of $2,894,715 on August 18, 2026. The shares were sold at a price of $909.43 each. This transaction was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Retort adopted on November 13, 2025.

On August 17, 2026, Mr. Retort acquired 63,956 shares of Lumentum common stock upon the vesting of performance stock units (PSUs), which were granted on August 23, 2023. This acquisition, valued at $0, occurred after the company’s Compensation Committee determined that certain performance conditions had been met.

Also on August 17, 2026, 32,542 shares were withheld by Lumentum to satisfy income tax obligations related to the vesting of these PSUs. These shares were valued at $968.90 each, totaling $31,529,943. Additionally, on August 15, 2026, 3,299 shares were withheld by the issuer to cover income tax withholding and remittance obligations tied to the vesting of restricted stock units. These shares were valued at $926.14 each, amounting to $3,055,335.

In other recent news, Lumentum Holdings Inc. reported fourth-quarter fiscal 2026 results that exceeded consensus estimates, with revenue surpassing expectations by 2% and earnings per share by $0.26. The company’s first-quarter guidance also came in above expectations, with revenue and earnings per share projected to exceed by 8% and $0.51, respectively. Analyst firm Needham reiterated its Buy rating with a price target of $1,040, citing strong growth in AI optics. Meanwhile, Mizuho raised its price target to $1,140, highlighting the demand for AI infrastructure and specific transceivers as key growth drivers. Morgan Stanley also increased its price target to $1,000, noting improved margins and potential regulatory impacts. Conversely, BofA Securities lowered its price target to $1,000 due to valuation concerns, despite raising earnings estimates for the coming years. TD Cowen adjusted its price target to $820, maintaining a Hold rating, while recognizing Lumentum’s strong execution. These updates reflect the varied analyst perspectives on Lumentum’s performance and future potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.