Lumentum Holdings Inc. announced inducement equity awards granted to Michael Hurlston, the company's recently appointed President and Chief Executive Officer, on February 7, 2025. These grants are intended to align his interests with long-term shareholder value.
The awards include restricted stock units (RSUs) covering 103,684 shares of Lumentum’s common stock, with vesting scheduled over one year and subsequent four calendar quarters. Additionally, Hurlston received performance-based RSUs covering 103,684 shares, assuming a target level of performance achievement for the fiscal years 2025 to 2027.
These equity grants are part of Lumentum's strategy to attract and retain top executive talent, ensuring strong leadership as the company executes its long-term growth strategy in cloud/AI, networking, and industrial applications. The vesting of these awards is contingent upon Mr. Hurlston's continued employment with Lumentum.
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