David D. Ward - Mar 1, 2025 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role: EVP, Chief Tech & Prod Officer
Signature: /s/ Kathryn Murray, as Attorney-in-Fact for David D. Ward
Stock symbol: LUMN
Transactions as of: Mar 1, 2025
Transactions value $: -$505,885
Form type: 4
Date filed: 3/4/2025, 06:42 PM
Previous filing: Feb 14, 2025
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	+734K	+50.36%	$0.00	2.19M	Mar 1, 2025	Direct	F1
transaction	LUMN	Common Stock	Tax liability	-$506K	-107K	-4.89%	$4.72	2.09M	Mar 1, 2025	Direct	F2

Showing 1 to 2 of 2 entries

* 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	Shares withheld to cover the taxes due upon the vesting of equity awards.