Andrea Genschaw - Mar 1, 2024 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role
SVP and Controller
Signature
/s/ Michael P. Rouvina, as Attorney-in-Fact for Andrea Genschaw
Stock symbol
LUMN
Transactions as of
Mar 1, 2024
Transactions value $
-$23,391
Form type
4
Date filed
3/5/2024, 06:57 PM
Previous filing
Mar 3, 2023
Next filing
Sep 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +177K +55.71% $0.00 496K Mar 1, 2024 Direct F1
transaction LUMN Common Stock Tax liability -$23.4K -14.4K -2.91% $1.62 481K Mar 1, 2024 Direct F2
transaction LUMN Common Stock Disposed to Issuer $0 -14.7K -3.05% $0.00 466K Mar 1, 2024 Direct F3
holding LUMN Common Stock 3.56K Mar 1, 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.