Form 4: Lumen Technologies Executive Kathleen Johnson Transfers Shares for Estate Planning
SEC Form 4
Kathleen Johnson, President & CEO of Lumen Technologies, transferred 750,000 shares of common stock for estate planning purposes.
Summary
- On May 8, 2024, Kathleen E. Johnson, President & CEO of Lumen Technologies, reported a transaction involving the company's common stock.
- Johnson transferred 750,000 shares of Lumen Technologies' common stock as a gift.
- The transfer was made to an irrevocable trust for the benefit of her spouse and children for estate planning purposes.
- Following the transaction, Johnson directly owns 7,006,290 shares and indirectly owns 2,212,528 shares through a spousal trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a stock transaction for estate planning purposes, indicating a neutral sentiment.
Industry Context
Executive stock transactions are common and often related to personal financial planning rather than company performance.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a personal financial matter for the executive.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of stock transfer transaction |
| 05/09/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.