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

Signature
/s/ Kathryn Murray, as Attorney-in-Fact for Andrea Genschaw
Issuer symbol
LUMN
Transactions as of
01 Mar 2025
Net transactions value
-$172,771
Form type
4
Filing time
04 Mar 2025, 18:45:19 UTC
Previous 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 +148,993 +34% $0.000000 581,636 01 Mar 2025 Direct F1
transaction LUMN Common Stock Award $0 +117,066 +20% $0.000000 698,702 01 Mar 2025 Direct F2
transaction LUMN Common Stock Tax liability $172,771 -36,604 -5.2% $4.72 662,098 01 Mar 2025 Direct F3
transaction LUMN Common Stock Disposed to Issuer $0 -22,531 -3.4% $0.000000 639,567 01 Mar 2025 Direct F4
holding LUMN Common Stock 3,560 01 Mar 2025 By IRA
* 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 that will vest in three equal annual installments beginning on March 1, 2026.
F3 Shares withheld to cover the taxes due upon the vesting of equity awards.
F4 Represents performance-based restricted shares or RSUs granted on February 25, 2022, which were forfeited on March 1, 2025, for failing to achieve the three-year performance metrics.