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

Role
SVP and Controller
Signature
/s/ Kathryn Murray, as Attorney-in-Fact for Andrea Genschaw
Stock symbol
LUMN
Transactions as of
Mar 1, 2025
Transactions value $
-$172,771
Form type
4
Date filed
3/4/2025, 06:45 PM
Previous filing
Sep 5, 2024
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 +149K +34.44% $0.00 582K Mar 1, 2025 Direct F1
transaction LUMN Common Stock Award $0 +117K +20.13% $0.00 699K Mar 1, 2025 Direct F2
transaction LUMN Common Stock Tax liability -$173K -36.6K -5.24% $4.72 662K Mar 1, 2025 Direct F3
transaction LUMN Common Stock Disposed to Issuer $0 -22.5K -3.4% $0.00 640K Mar 1, 2025 Direct F4
holding LUMN Common Stock 3.56K Mar 1, 2025 By IRA
* 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 that will vest in three equal annual installments beginning on March 1, 2026.
F3 Shares withheld to cover the taxes due upon the vesting of equity awards.
F4 Represents performance-based restricted shares or RSUs granted on February 25, 2022, which were forfeited on March 1, 2025, for failing to achieve the three-year performance metrics.