Form 4: Lumen Technologies SVP and Controller Andrea Genschaw Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Andrea Genschaw, SVP and Controller of Lumen Technologies, reports the withholding of shares for taxes and forfeiture of performance-based restricted shares.
Summary
- On August 23, 2024, Andrea Genschaw, SVP and Controller of Lumen Technologies, reported changes in beneficial ownership of Lumen Technologies common stock.
- Shares were withheld to cover taxes due upon the vesting of equity awards at a price of $6.23.
- Performance-based restricted shares granted on August 15, 2022, were forfeited on August 23, 2024, due to failure to achieve performance metrics.
- The reporting person directly owns 432,643 shares of common stock and indirectly owns 3,560 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership. The forfeiture of shares due to unmet performance metrics is a slightly negative signal, but overall the document is neutral.
Negatives
- 8,609 performance-based restricted shares were forfeited due to failure to achieve performance metrics.
Key Dates
| Date | Description |
|---|---|
| 08/15/2022 | Performance-based restricted shares granted. |
| 08/23/2024 | Shares withheld for taxes and performance-based restricted shares forfeited. |
| 09/05/2024 | Date of signature on the report. |
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