Andrea Genschaw - 15 Aug 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
Issuer symbol
LUMN
Transactions as of
15 Aug 2022
Net transactions value
$0
Form type
4
Filing time
17 Aug 2022, 09:29:13 UTC
Previous filing
07 Apr 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +68,865 +64% $0.000000 177,114 15 Aug 2022 Direct F1
holding LUMN Common Stock 3,560 15 Aug 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.