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Lumen Technologies, Inc. — Director's Dealing 2022
Apr 6, 2022
30915_dirs_2022-04-06_25b92e76-2fe9-4169-8b3e-3a63a64b3456.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Lumen Technologies, Inc. (LUMN)
CIK: 0000018926
Period of Report: 2022-04-04
Reporting Person: Stansbury Christopher (EVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-04 | Common Stock | A | 339705 | $0.00 | Acquired | 339705 | Direct |
| 2022-04-04 | Common Stock | A | 394057 | $0.00 | Acquired | 733762 | Direct |
Footnotes
F1: Represents a sign-on grant of restricted stock vesting based on continuous service as follows: 67,941 shares will vest in three equal annual installments beginning on April 4, 2023; 135,882 shares will vest in one installment on April 4, 2027; and 135,882 shares will vest in one installment on April 4, 2029.
F2: Represents a grant of restricted stock (40% time-based and 60% performance-based) under the Issuer's 2022 long-term incentive program. The time-based portion will vest in three equal annual installments beginning on April 4, 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 April 4, 2025.