Andrea Genschaw - 01 Mar 2024 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Signature
/s/ Michael P. Rouvina, as Attorney-in-Fact for Andrea Genschaw
Issuer symbol
LUMN
Transactions as of
01 Mar 2024
Net transactions value
-$23,391
Form type
4
Filing time
05 Mar 2024, 18:57:18 UTC
Previous filing
03 Mar 2023
Next filing
05 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +177,294 +56% $0.000000 495,539 01 Mar 2024 Direct F1
transaction LUMN Common Stock Tax liability $23,391 -14,439 -2.9% $1.62 481,100 01 Mar 2024 Direct F2
transaction LUMN Common Stock Disposed to Issuer $0 -14,690 -3.1% $0.000000 466,410 01 Mar 2024 Direct F3
holding LUMN Common Stock 3,560 01 Mar 2024 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents time-based restricted stock grant that will vest in three equal annual installments beginning on March 1, 2025.
F2 Shares withheld to cover the taxes due upon the vesting of equity awards.
F3 Represents performance-based restricted shares or RSUs granted on February 24, 2021, which were forfeited on March 1, 2024, for failing to achieve the three-year performance metrics.