Lumentum's CEO Parted With 6,185 Shares in August. Here's What Long-Term Investors Should Know

Lumentum CEO Michael Hurlston sold 6,185 shares worth $5.1 million on August 19 to cover tax withholding obligations from restricted stock unit vesting. This was a non-discretionary transaction and does not reflect his view on the stock. Hurlston retains 112,794 shares valued at $93.35 million. The stock has delivered a 602% one-year return, and the company is guiding for $1.25 billion in September quarter revenue with 39.5-40.5% margins, hitting its target model early amid strong demand for optical and photonic products.