Lumen Technologies, Inc. — Director's Dealing 2023

Mar 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lumen Technologies, Inc. (LUMN)
CIK: 0000018926
Period of Report: 2023-03-01

Reporting Person: GOFF STACEY W (EVP & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-01	Common Stock	A	576258	—	Acquired	1374484	Direct
2023-03-01	Common Stock	F	31091	$3.23	Disposed	1343393	Direct
2023-03-01	Common Stock	D	85422	—	Disposed	1257971	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1077	Indirect
Common Stock	4002	Indirect
Common Stock	5669	Indirect

Footnotes

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, 2024. 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, 2026.

F2: Shares withheld to cover the taxes due upon the vesting of equity awards.

F3: Represents performance-based restricted shares or RSUs granted on February 26, 2020, which were forfeited on March 1, 2023 for failing to achieve the three-year performance metrics.

F4: This is a legacy defined contribution plan sponsored by the Issuer.