Vincent Retort, Executive Vice President of Module Business Unit R&D and Product Development at Lumentum Holdings Inc. (NASDAQ:LITE), sold 3,183 shares of common stock for a total value of $3,036,422. The transactions occurred on May 18, 2026, with shares sold at a price of $953.95 each.
The sale was executed under a Rule 10b5-1 trading plan, which Mr. Retort adopted on November 13, 2025. According to Bond.az analysis, Lumentum appears overvalued at current levels, joining the platform's Most Overvalued stocks list.
Additionally, on May 15, 2026, Mr. Retort disposed of 3,299 shares of Lumentum common stock, valued at $3,202,339, at a price of $970.70 per share. These shares were withheld by Lumentum Holdings Inc. to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
Following these transactions, Mr. Retort directly holds 89,563 shares of Lumentum Holdings Inc. common stock. This figure includes 70 shares acquired pursuant to the company's Employee Stock Purchase Plan on May 15, 2026.
In other recent news, Lumentum Holdings Inc. reported its Q3 FY2026 earnings, surpassing analyst expectations with an EPS of $2.37, compared to the forecasted $2.26. The company also reported revenue of $808.4 million, slightly above the expected $802.94 million. Additionally, Lumentum announced it will be added to the Nasdaq-100 Index prior to market open on May 18, 2026.
