Lumentum Holdings Inc., a leader in optical and photonic product manufacturing, announced a new compensation agreement for Rafik Ward, the company's Senior Vice President, Corporate Development and Chief Marketing Officer. On May 15, 2025, Lumentum granted Mr. Ward restricted stock units covering 31,412 shares of the company's common stock. Under the terms of the grant, one-quarter of the award will vest on the first anniversary of the grant date, with the remaining shares vesting in equal installments over the following twelve quarters, contingent on Mr. Ward's continued employment. This award is part of Lumentum's 2025 Inducement Equity Incentive Plan, aligning with the terms of the company's 2015 Equity Incentive Plan.
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