Form 4: Lumen Technologies Executive Kathleen Johnson Transfers Shares for Estate Planning

Kathleen Johnson, President & CEO of Lumen Technologies, transferred shares of common stock to an irrevocable trust for estate planning purposes.

Summary

• Kathleen E. Johnson, President & CEO of Lumen Technologies, filed a Form 4 on March 7, 2024, reporting a transaction that occurred on March 6, 2024.
• The transaction involved the transfer of 273,803 shares of Lumen Technologies common stock.
• These shares were transferred to an irrevocable trust for the benefit of Johnson's spouse and children for estate planning purposes.
• The transfer did not involve a sale, as the price per share is listed as $0.
• Following the transaction, Johnson directly owns 7,006,290 shares and indirectly owns 1,462,528 shares through a spousal trust.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock transfer for estate planning) with no inherent positive or negative implications for the company's performance.

Industry Context

Executive stock transfers for estate planning are a common practice and do not necessarily indicate a change in the company's outlook.

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