Vincent Retort, vice president of global reliability and quality at Lumentum Holdings Inc., conducted stock transactions on August 19 and August 20, disposing of 12,566 shares for a combined value of $10.7 million according to an SEC Form 4 filing. The weighted average sale price for these shares was $851.01 per share.
The majority of the shares sold were withheld by Lumentum to cover income tax withholding and remittance obligations related to the vesting of restricted stock units. An additional 2,483 shares were sold under a Rule 10b5-1 trading plan that Retort had adopted on November 13, 2025. Following these transactions, Retort retained 101,929 directly held shares of common stock, representing a market value of $88.34 million based on the August 21 market close price of $866.71 per share. The filing indicates that Retort’s entire equity position is held directly with no indirect holdings through trusts or other entities.
At the time of the transaction, Lumentum shares closed at $879.28 on August 20. The company had recorded a 638% one-year total return as of the August 21 filing date. Lumentum Holdings operates with a market capitalization of $68.4 billion and generated trailing twelve-month revenue of $3.0 billion, though it posted a net loss of $6.9 billion over the same period. The company designs and manufactures optical and photonic products for communication infrastructure, operating through two main segments: Optical Communications, which supplies components for data centers and telecommunications networks, and Commercial Lasers, which provides industrial and scientific applications.
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