Form 4: Lumen Technologies Director Kevin P. Chilton Reports Stock Grant and Disposal

Director Kevin P. Chilton reports acquisition of restricted stock units and disposal of common stock in Lumen Technologies.

Summary

• On May 16, 2024, Kevin P. Chilton, a director of Lumen Technologies, reported a transaction involving the company's stock.
• Chilton acquired 157,518 shares of common stock through a grant of restricted stock units.
• These restricted stock units will vest on May 16, 2025, and will be paid out in shares of common stock at a later date according to Chilton's deferral election.
• Additionally, Chilton disposed of 360,125 shares of common stock.
• Following these transactions, Chilton beneficially owns 360,125 shares of Lumen Technologies.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units will vest on May 16, 2025, and will be paid out in shares of common stock at a later date according to Chilton's deferral election.

Industry Context

This filing reflects the standard practice of granting stock-based compensation to directors of publicly traded companies. These grants are often used to align the interests of the directors with those of the shareholders.

Stakeholder Impact

• The stock transactions by a director may be of interest to shareholders as it provides insight into the director's view of the company's prospects.

Key Dates