MUSSAFER DAVID M 4

What Happened
David M. Mussafer, a director of lululemon athletica inc. (LULU), was granted 1,087 restricted stock units (RSUs) on March 19, 2026. The Form 4 records the acquisition as an award (code A) at $0.00 per share; the RSUs were issued in lieu of $180,000 of director retainer fees under the issuer’s Non-Employee Director Compensation Plan.

Key Details

• Transaction date: 2026-03-19 (reported on Form 4 filed 2026-03-23).
• Transaction type/code: Grant/Award (A). Price reported: $0.00 per RSU.
• Number of RSUs: 1,087. Grant was in lieu of $180,000 of retainer fees.
• Vesting: Four equal installments vesting on May 3, 2026; Aug 2, 2026; Nov 1, 2026; and Jan 31, 2027, subject to continued service.
• Plan: Issued under the Issuer’s Non-Employee Director Compensation Plan.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing was submitted on 2026-03-23 for the 2026-03-19 grant (filed within the standard Form 4 timeframe).

Context
RSU grants to non-employee directors are a common form of compensation and do not represent an open-market purchase or sale. These awards convert into shares upon vesting (subject to service conditions); they are not an immediate cash transaction and therefore should be interpreted as routine director compensation rather than a direct bullish or bearish signal.