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CEO Sells Stock for Taxes, Still Confident | Business and Finance News
Published 2 weeks, 1 day ago
Description
Lumentum CEO Michael Hurlston sold 5,000 shares—worth $5M—to cover taxes from stock compensation, not a sign of losing faith. He still holds nearly 119K shares, showing deep alignment with the company’s future. Lumentum, a key player in optical tech powering 5G and AI, saw revenue double last quarter and stock surge over 600% in a year—proof of explosive demand for its critical infrastructure.
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