Form 4: Lumen Technologies EVP and CFO Christopher Stansbury Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Christopher Stansbury, EVP and CFO of Lumen Technologies, reports the withholding of shares to cover taxes due upon the vesting of equity awards.
Summary
- On April 4, 2024, Christopher Stansbury, the EVP and CFO of Lumen Technologies, had shares withheld to cover taxes due upon the vesting of equity awards.
- A total of 32,896 shares of common stock were withheld at a price of $1.34.
- Following the transaction, Stansbury directly owns 3,879,621 shares of Lumen Technologies common stock.
- Stansbury also indirectly owns 500,000 shares through a trust held by his spouse.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations on vested equity awards. It doesn't indicate positive or negative sentiment, but rather a standard procedure.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to have shares withheld to cover taxes upon the vesting of equity awards.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of the stock transaction (tax withholding) |
| 04/08/2024 | Date of signature on the Form 4 filing |
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