Christopher Stansbury - Mar 1, 2025 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role: EVP and CFO
Signature: /s/ Kathryn Murray, as Attorney-in-Fact for Christopher D. Stansbury
Stock symbol: LUMN
Transactions as of: Mar 1, 2025
Transactions value $: -$1,490,095
Form type: 4
Date filed: 3/4/2025, 06:40 PM
Previous filing: Apr 8, 2024
Next filing: Apr 8, 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	+1.28M	+32.92%	$0.00	5.16M	Mar 1, 2025	Direct	F1
transaction	LUMN	Common Stock	Award	$0	+639K	+12.38%	$0.00	5.8M	Mar 1, 2025	Direct	F2
transaction	LUMN	Common Stock	Tax liability	-$1.49M	-316K	-5.45%	$4.72	5.48M	Mar 1, 2025	Direct	F3
transaction	LUMN	Common Stock	Disposed to Issuer	$0	-236K	-4.31%	$0.00	5.24M	Apr 4, 2025	Direct	F4
holding	LUMN	Common Stock						500K	Mar 1, 2025	By spouse as trustee of AMR 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	Represents a one-time retention grant of restricted stock with a one-year cliff vesting on March 1, 2028.
F3	Shares withheld to cover the taxes due upon the vesting of equity awards.
F4	Represents performance-based restricted shares or RSUs granted on April 4, 2022, which will be forfeited on April 4, 2025, for failing to achieve the three-year performance metrics.