Form 4: Lumen Technologies Director T. Michael Glenn Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director T. Michael Glenn reports acquisition of restricted stock units and updates to beneficial ownership of Lumen Technologies stock.
Summary
- On May 14, 2025, T. Michael Glenn, a director of Lumen Technologies, reported changes in beneficial ownership.
- Glenn acquired 51,394 shares of common stock through a grant of restricted stock units at a price of $0.
- These restricted stock units will vest on May 14, 2026, but will be paid out in shares of common stock at a later date according to Glenn's deferral election.
- Following the reported transaction, Glenn directly owns 480,931 shares of common stock and indirectly owns 77,143 shares through a trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing reporting insider transactions. The acquisition of shares could be seen as slightly positive, but it's not a major event.
Positives
- The acquisition of restricted stock units by a director can be seen as a positive sign, indicating 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 Glenn's deferral election.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company executives and directors.
Comparison to Industry Standards
- Insider transactions are regularly monitored and reported in accordance with SEC regulations.
- Similar filings are made by executives and directors of comparable companies like Verizon and AT&T.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a company director.
- The transaction itself has minimal immediate impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| February 19 2025 | Date of EX-24 lumnsection16powerofatto |
| 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
beneficial ownership, Lumen Technologies, director, restricted stock units, common stock, Form 4, Glenn
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