Form 4: Lumen Technologies Director Peter Brown Reports Stock Grant and Disposal
SEC Form 4 Filing
Director Peter Brown reports acquisition of Lumen Technologies stock through a restricted stock grant and subsequent disposal of shares.
Summary
- On May 16, 2024, Director Peter C. Brown acquired 157,518 shares of Lumen Technologies (LUMN) common stock through a grant.
- The grant was for restricted stock that will vest on May 16, 2025.
- On the same day, Brown disposed of 321,944 shares.
- Following these transactions, Brown beneficially owns 321,944 shares of Lumen Technologies stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transactions may influence investor perception of Lumen Technologies, although the impact is likely to be minimal given that it is a single director's transaction.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of stock grant and disposal. |
| 05/16/2025 | Vesting date of the restricted stock grant. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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