What to Know About the CFO of Lumentum's Latest Insider Transaction Filing

Lumentum's CFO Ali Wajid sold 10,728 shares worth $9.1 million on August 19-21 to satisfy tax withholding obligations from vesting equity awards, reducing his direct holdings by 13%. Despite the paper loss from convertible bond conversions, the company's underlying business showed strong performance with revenue up 109% year-over-year and operating margins improving to 36.6%.