David D. Ward - Mar 1, 2025 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role
EVP, Chief Tech & Prod Officer
Signature
/s/ Kathryn Murray, as Attorney-in-Fact for David D. Ward
Stock symbol
LUMN
Transactions as of
Mar 1, 2025
Transactions value $
-$505,885
Form type
4
Date filed
3/4/2025, 06:42 PM
Previous filing
Feb 14, 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 +734K +50.36% $0.00 2.19M Mar 1, 2025 Direct F1
transaction LUMN Common Stock Tax liability -$506K -107K -4.89% $4.72 2.09M Mar 1, 2025 Direct F2
* 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.