JEFFREY K. STOREY - 25 Feb 2022 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role: President & CEO, Director
Signature: /s/ Gary Maxwell Cox, as Attorney-in-Fact for Jeffrey K. Storey
Issuer symbol: LUMN
Transactions as of: 25 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 01 Mar 2022, 17:04:34 UTC
Previous filing: 11 Feb 2022
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	+473K	+16.82%	$0.00	3.29M	25 Feb 2022	Direct	F1
holding	LUMN	Common Stock						7.1K	25 Feb 2022	By 401(k)
holding	LUMN	Common Stock						146K	25 Feb 2022	By Spouse
holding	LUMN	Common Stock						261K	25 Feb 2022	As Trustee of JS 2021 Trust
holding	LUMN	Common Stock						261K	25 Feb 2022	As Trustee of RS 2021 Trust
holding	LUMN	Common Stock						261K	25 Feb 2022	As Trustee of SM 2021 Trust
holding	LUMN	Common Stock						784K	25 Feb 2022	By spouse as trustee of SLS 2021 Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person received a grant of restricted stock units (36% time-based and 64% performance-based). The reported transaction represents the time-based portion of this grant, which will vest in three equal annual installments beginning on March 1, 2023. In accordance with Section 16 rules, the performance-based portion will be reported when and to the extent the underlying shares are earned.

Content

The Reporting Person received a grant of restricted stock units (36% time-based and 64% performance-based). The reported transaction represents the time-based portion of this grant, which will vest in three equal annual installments beginning on March 1, 2023. In accordance with Section 16 rules, the performance-based portion will be reported when and to the extent the underlying shares are earned.