How Hurlston was paid
$15.4M in total for fiscal 2026, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Michael HurlstonPresident and Chief Executive Officer | $900,000 | — | $12,291,577 | $2,179,710 | $21,444 | $15,392,731 |
| Wajid AliExecutive Vice President and Chief Financial Officer | $556,000 | — | $7,316,080 | $1,035,828 | $3,622 | $8,911,530 |
| Jae KimSenior Vice President, General Counsel and Secretary | $450,000 | — | $3,772,794 | $628,763 | $9,986 | $4,861,544 |
| Vincent RetortExecutive Vice President, Global Reliability & Quality | $556,000 | — | $5,915,621 | $1,035,828 | $20,326 | $7,527,776 |
| Wupen YuenPresident, Global Business Units | $504,000 | $7,455,200 | $938,952 | — | $9,902 | $8,908,054 |
What changed and why
- $15.4M$15.4 million was CEO total compensation in fiscal 2026, down from $27.7 million in fiscal 2025.
- 186.3%186.3% of target was paid under the fiscal 2026 Annual Incentive Plan.
- Fiscal 2026 AIP payouts were entirely cash for the first time since fiscal year 2022.
- 200%200% of target was the maximum payout for fiscal 2024–2026 long-term incentive PSUs.
- 66%66% of the CEO’s equity mix was PSUs, up from 50% previously.
- 88.3%88.3% of votes cast supported say-on-pay at the November 2025 annual meeting.
Other Lumentum Holdings proxy statements
- 2025 proxy statement
Michael Hurlston paid $27.7M, pay ratio 2,884:1.
Filed Oct 07, 2025
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.