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Lumen Technologies, Inc. — Director's Dealing 2023
Mar 4, 2023
30915_dirs_2023-03-03_350bafc5-9b02-4406-9811-b70422a1d9d6.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: 2023-03-01
Reporting Person: Trezise Scott (EVP, Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-01 | Common Stock | A | 768344 | — | Acquired | 1220938 | Direct |
| 2023-03-01 | Common Stock | F | 19435 | $3.23 | Disposed | 1201503 | Direct |
| 2023-03-01 | Common Stock | D | 42711 | — | Disposed | 1158792 | Direct |
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.