Lumentum Holdings Director Thad Trent Receives 108 RSUs in Lieu of Cash Retainer
This Form 4 filing reports that Thad Trent, a director of Lumentum Holdings Inc., received 108 restricted stock units (RSUs) on July 15, 2026, in lieu of his annual cash retainer under the company's compensation program for non-employee directors. The RSUs were granted at $0 per share and represent the contingent right to receive one share of common stock following vesting. The RSUs will fully vest on July 15, 2027, subject to Trent continuing as a service provider through that date. Following this transaction, Trent's total holdings increased to 1,313 shares. This transaction reflects the company's practice of allowing directors to elect equity compensation instead of cash retainers, aligning director interests with shareholder value creation.