NEUBURGER NICOLE 4

What Happened Nicole Neuburger, Chief Brand Officer at lululemon (LULU), was credited with 3,754 performance share units (a derivative award) in a Form 4 filing dated March 17, 2026. The filing shows an award/acquisition of 3,754 shares at $0.00 because these were performance-based equity units converted to a contingent right to common stock after the company certified achievement of the performance goals.

Key Details

• Transaction date: March 13, 2026 (Form 4 filed March 17, 2026). Transaction type: Award/Grant (code A).
• Amount: 3,754 performance share units; price reported $0.00 (no cash purchase).
• Shares owned after transaction: Not specified in the information provided in this summary/Form 4 excerpt.
• Footnotes:
  • F1: Each performance share unit represents a contingent right to one share. These units were originally granted March 30, 2023 for the three-year period ending fiscal 2025; the issuer certified achievement of the performance goals on March 13, 2026.
  • F2: The performance share units vest on March 30, 2026, subject to continued employment through that date.
• Filing timeliness: Filed March 17, 2026 — appears to meet the Form 4 two-business-day filing requirement following the March 13, 2026 certification.

Context These were derivative/compensation awards tied to performance goals (not an open-market purchase or sale). The units were certified as achieved on March 13, 2026 but still vest on March 30, 2026 subject to Neuburger remaining employed; the $0.00 reported price reflects that this was an awarded/earned grant rather than a cash transaction.