Form 4: Lumen Technologies Director Laurie Siegel Transfers Shares to Irrevocable Trust
SEC Form 4 Filing
Laurie Siegel, a director at Lumen Technologies, reported transferring shares of common stock to an irrevocable trust on August 9, 2022.
Summary
- On August 9, 2022, Laurie Siegel, a director of Lumen Technologies, transferred 14,536 shares of Lumen Technologies' common stock to an irrevocable trust.
- The transfer was a gift.
- Following the transaction, Siegel directly owns 179,916 shares and indirectly owns 44,536 shares through the Laurie 2020 Gift Trust.
- The filing indicates that the late filing was due to an inadvertent administrative error.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to a share transfer. The late filing due to an administrative error is a minor negative.
Negatives
- The filing was submitted late due to an administrative error.
Risks
- Administrative errors in filings could raise concerns about internal controls.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The share transfer has a minimal impact on stakeholders as it does not significantly alter the director's overall stake in the company.
Key Dates
| Date | Description |
|---|---|
| 08/09/2022 | Date of the share transfer to the irrevocable trust. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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