{
  "id": 1856510,
  "title": "Lumentum EVP retort sells $2.89 million in company shares",
  "url": "https://urgent.news/2026/08/19/lumentum-evp-retort-sells-2-89-million-in-company-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T03:16:03.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/lumentum-evp-retort-sells-289-million-in-company-shares-93CH-4866400"
  },
  "original_language": "en",
  "account": "Vincent Retort, Lumentum Holdings Inc.'s Executive Vice President of Global Reliability & Quality, divested 3,183 shares of the company's common stock on August 18, 2026, for a combined total of $2,894,715. Each share was sold at $909.43. This sale was executed through a pre-established Rule 10b5-1 trading plan that Retort established on November 13, 2025. Prior to this transaction, Retort acquired 63,956 shares of Lumentum stock on August 17, 2026, as part of the vesting of performance stock units (PSUs) granted on August 23, 2023. The acquisition value was $0, as determined by Lumentum's Compensation Committee after meeting specific performance criteria. Concurrently, 32,542 shares were withheld by Lumentum to fulfill income tax obligations associated with the PSU vesting, valued at $968.90 each, totalling $31,529,943. Furthermore, on August 15, 2026, 3,299 shares were withheld by the issuer to meet income tax withholding and remittance requirements linked to the vesting of restricted stock units, valued at $926.14 each, equating to $3,055,335. Recently, Lumentum Holdings Inc. reported Q4 fiscal 2026 results that surpassed analyst expectations, with revenue up 2% and earnings per share rising by $0.26. The company also beat first-quarter guidance, with revenue and earnings per share projected to exceed by 8% and $0.51, respectively. Analysts have maintained positive outlooks, with Needham raising its Buy rating to $1,040, citing robust growth in AI optics, Mizuho increasing its price target to $1,140 due to demand for AI infrastructure and transceivers, and Morgan Stanley raising its target to $1,000, noting improved margins and potential regulatory impacts. However, BofA Securities lowered its target to $1,000 due to valuation concerns, while TD Cowen maintained a Hold rating at $820 and indicated a Hold stance. These varying analyst opinions highlight Lumentum's performance and prospective growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}