Retiring EVP Vincent Retort Files to Sell $33M in Lumentum Shares
LITE has more than doubled off its 52-week low of $119.25.
Summary
Retiring EVP Vincent Retort filed a Form 144 to sell 38,663 Lumentum shares worth about $32.96 million under a pre-existing 10b5-1 plan, a major escalation from his prior $4.95 million in sales over the past three months.
Key Events · Ownership and Investor Activity · LITE
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Retiring EVP Proposes $33M Share Sale
Vincent Retort filed a Form 144 to sell 38,663 shares worth approximately $32.96 million under a 10b5-1 plan adopted November 13, 2025.
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Major Escalation From Prior Sales
Retort sold 5,666 shares for $4.95 million in the past three months (2,483 shares on Aug 20 and 3,183 shares on Aug 18); this proposed sale is roughly 6.7x larger.
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Shares From Recent Vesting
The shares were acquired on August 17, 2026 (performance and restricted stock) and August 23, 2026 (restricted stock), indicating monetization of newly vested equity.
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Broader Insider Distribution Pattern
Four active insiders have sold $8.76 million in open-market transactions over the last 90 days; this filing alone would more than triple that total.
Analysis · LITE · Manufacturing
Vincent Retort, the EVP who announced retirement effective October 2026, has filed to sell 38,663 shares worth approximately $32.96 million under a pre-existing 10b5-1 plan. This is a significant escalation from his prior sales of 5,666 shares for $4.95 million over the past three months. The sale comes amid a broader insider distribution pattern — four active insiders have sold $8.76 million in open-market transactions over the last 90 days, and this filing alone would more than triple that total. While the 10b5-1 plan was adopted in November 2025, the timing of execution near a 52-week high and following strong Q4 results and upbeat guidance suggests insiders are monetizing gains. The proposed sale represents a meaningful overhang for a stock trading at $885.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 29.6% of the 2856 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LITE was trading at $885.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $79.4B. The 52-week trading range was $119.25 to $1,085.68. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.