Lumentum Holdings Inc. announced an inducement grant of restricted stock units (RSUs) covering 31,412 shares of its common stock to Rafik Ward, SVP, Corporate Development and Chief Marketing Officer. The grant was made on May 15, 2025.
The RSUs are scheduled to vest as to one-quarter of the award on the one-year anniversary of the grant date, with the remaining three-quarters vesting in substantially equal quarterly installments over the subsequent twelve calendar quarters. This vesting schedule is contingent upon Mr. Ward's continued employment with Lumentum.
This equity award is part of Lumentum's compensation strategy to attract and retain key executive talent. It aims to align Mr. Ward's long-term incentives with the company's performance and strategic objectives in its core markets, including cloud/AI, optical networking, and industrial applications.
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