Sham Chotai - Mar 1, 2023 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role
EVP, Product and IT
Signature
/s/ Gary Maxwell Cox, as Attorney-in-Fact for Sham Chotai
Stock symbol
LUMN
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 07:01 PM
Previous filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +640K $0.00 640K Mar 1, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock (40% time-based and 60% performance-based). The time-based portion will vest in three equal annual installments beginning on March 1, 2024. Vesting of the performance-based portion is dependent upon the extent to which two three-year performance metrics are achieved, with any earned shares vesting on March 1, 2026.