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

Role
EVP and CFO
Signature
/s/ Gary Maxwell ("Max") Cox, as Attorney-in-Fact for Indraneel Dev
Stock symbol
LUMN
Transactions as of
Feb 25, 2022
Transactions value $
$0
Form type
4
Date filed
3/1/2022, 05:09 PM
Previous filing
Mar 2, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUMN Common Stock Award $0 +399K +48.06% $0.00 1.23M Feb 25, 2022 Direct F1
holding LUMN Common Stock 5.3K Feb 25, 2022 by 401(k)
holding LUMN Common Stock 85.5K Feb 25, 2022 By Spouse as Trustee of Family Trust 1
holding LUMN Common Stock 85.5K Feb 25, 2022 By Spouse as Trustee of Family Trust 2
holding LUMN Common Stock 85.5K Feb 25, 2022 By Spouse as Trustee of Family Trust 3
* 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.