Kathleen E. Johnson - 01 Mar 2025 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Signature
/s/ Kathryn Murray, as Attorney-in-Fact for Kathleen Elizabeth Johnson
Issuer symbol
LUMN
Transactions as of
01 Mar 2025
Net transactions value
-$3,489,199
Form type
4
Filing time
04 Mar 2025, 18:49:28 UTC
Previous filing
13 Nov 2024
Next filing
09 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +3,331,063 +48% $0.000000 10,220,314 01 Mar 2025 Direct F1
transaction LUMN Common Stock Tax liability $3,489,199 -739,237 -7.2% $4.72 9,481,077 01 Mar 2025 Direct F2
holding LUMN Common Stock 2,278,362 01 Mar 2025 By Spousal 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 Shares withheld to cover the taxes due upon the vesting of equity awards.