Christopher Stansbury - 01 Mar 2025 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Signature
/s/ Kathryn Murray, as Attorney-in-Fact for Christopher D. Stansbury
Issuer symbol
LUMN
Transactions as of
01 Mar 2025
Net transactions value
-$1,490,095
Form type
4
Filing time
04 Mar 2025, 18:40:00 UTC
Previous filing
08 Apr 2024
Next filing
08 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +1,277,084 +33% $0.000000 5,156,705 01 Mar 2025 Direct F1
transaction LUMN Common Stock Award $0 +638,542 +12% $0.000000 5,795,247 01 Mar 2025 Direct F2
transaction LUMN Common Stock Tax liability $1,490,095 -315,698 -5.4% $4.72 5,479,549 01 Mar 2025 Direct F3
transaction LUMN Common Stock Disposed to Issuer $0 -236,435 -4.3% $0.000000 5,243,114 04 Apr 2025 Direct F4
holding LUMN Common Stock 500,000 01 Mar 2025 By spouse as trustee of AMR Trust
* 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, 2026. 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, 2028.
F2 Represents a one-time retention grant of restricted stock with a one-year cliff vesting on March 1, 2028.
F3 Shares withheld to cover the taxes due upon the vesting of equity awards.
F4 Represents performance-based restricted shares or RSUs granted on April 4, 2022, which will be forfeited on April 4, 2025, for failing to achieve the three-year performance metrics.