Andrea Genschaw - Aug 15, 2022 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role
SVP and Controller
Signature
/s/ Gary Maxwell Cox, as Attorney-in-Fact for Andrea Genschaw
Stock symbol
LUMN
Transactions as of
Aug 15, 2022
Transactions value $
$0
Form type
4
Date filed
8/17/2022, 09:29 AM
Previous filing
Apr 7, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +68.9K +63.62% $0.00 177K Aug 15, 2022 Direct F1
holding LUMN Common Stock 3.56K Aug 15, 2022 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a one-time retention grant of restricted stock (50% time-based and 50% performance-based). All shares earned will vest in one installment on August 23, 2024. The performance-based portion is based on special relative TSR design with payout opportunity of 125%, 100% or 75% depending on the Issuer's relative TSR performance from July 1, 2022 through June 30, 2024.