Form 4: Lumen Technologies Director Kevin P. Chilton Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Kevin P. Chilton reports acquisition of restricted stock units in Lumen Technologies, Inc.
Summary
- On May 14, 2025, Kevin P. Chilton, a director of Lumen Technologies, Inc., acquired 51,394 restricted stock units.
- These restricted stock units will vest on May 14, 2026, and will be paid out in shares of Common Stock at a later date according to Chilton's deferral election.
- Following the transaction, Chilton beneficially owns 411,519 shares of Lumen Technologies common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of stock units being granted, which is neither particularly positive nor negative.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
Future Outlook
The restricted stock units will vest on May 14, 2026, and will be paid out in shares of Common Stock at a later date according to the Reporting Person's deferral election.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2025February 19 | Date of EX-24 lumnsection16powerofatto exhibit |
| 05/14/2025 | Date of transaction: Acquisition of restricted stock units. |
| 05/14/2026 | Vesting date of the restricted stock units. |
| 05/16/2025 | Date of signature for the report. |
Keywords
Lumen Technologies, Director, Kevin P. Chilton, Restricted Stock Units, Beneficial Ownership, Form 4, LUMN
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