Scott Trezise - 25 Feb 2022 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role
EVP, Human Resources
Signature
/s/ Gary Maxwell Cox, as Attorney-in-Fact for Scott Trezise
Issuer symbol
LUMN
Transactions as of
25 Feb 2022
Net transactions value
$0
Form type
4
Filing time
01 Mar 2022, 17:08:54 UTC
Next filing
03 Mar 2022
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 +140,815 +42% $0.000000 477,540 25 Feb 2022 Direct F1
* 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, 2023. 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, 2025.