Lumen Technologies (NYSE: LUMN) appoints new chief revenue officer

Rhea-AI Filing Summary

Lumen Technologies announced a leadership change in its sales organization. Ashley Haynes-Gaspar is leaving her role as Executive Vice President and Chief Revenue Officer, and Jeffery S. Sharritts has been appointed to that position effective February 4, 2026.

Haynes-Gaspar will provide transition services through March 6, 2026 to support an orderly handover. She will receive salary through her transition date, a short-term incentive bonus for fiscal year 2025 based on actual performance, benefits available under existing company plans including the Lumen Executive Severance Plan, and accelerated vesting of certain equity awards, in exchange for a release of claims and continued satisfactory service through the transition period.

Insights

Corporate governance analyst

Lumen reshuffles its revenue leadership but names an immediate successor.

Lumen Technologies is transitioning its Chief Revenue Officer role from Ashley Haynes-Gaspar to Jeffery S. Sharritts, effective February 4, 2026. The company structures a defined transition period through March 6, 2026 to preserve continuity in its revenue organization.

The separation terms include salary through the transition date, a fiscal 2025 short-term incentive based on actual performance, benefits under existing plans such as the Lumen Executive Severance Plan, and accelerated vesting of specified equity awards. These elements are conditioned on a release of claims and continued satisfactory service.

This arrangement reflects a negotiated executive departure rather than an abrupt exit. The immediate appointment of a new Executive Vice President and Chief Revenue Officer suggests the company aims to maintain stability in its commercial strategy, with further detail on Sharritts’ impact likely to emerge in subsequent company communications.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 28, 2026

Lumen Technologies, Inc.

(Exact name of registrant as specified in its charter)

Louisiana		001-7784		72-0651161
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)
100 CenturyLink Drive Monroe, Louisiana				71203
(Address of principal executive offices)				(Zip Code)

(318) 388-9000

(Registrant’s telephone number, including area code)

Level 3 Parent, LLC

(Exact name of registrant as specified in its charter)

Delaware		001-35134		47-0210602
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)
931 14th Street Denver, Colorado				80202
(Address of principal executive offices)				(Zip Code)

(720) 888-1000

(Registrant’s telephone number, including area code)

Qwest Corporation

(Exact name of registrant as specified in its charter)

Colorado		001-03040		84-0273800
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)
931 14th Street, Denver, Colorado				80202
(Address of principal executive offices)				(Zip Code)

(318) 388-9000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of any registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Registrant		Title of Each Class		Trading Symbol		Name of Each Exchange on Which Registered
Lumen Technologies, Inc.		Common Stock, no-par value per share		LUMN		New York Stock Exchange
Lumen Technologies, Inc.		Preferred Stock Purchase Rights		N/A		New York Stock Exchange
Qwest Corporation		6.5% Notes Due 2056		CTBB		New York Stock Exchange
Qwest Corporation		6.75% Notes Due 2057		CTDD		New York Stock Exchange

Indicate by check mark whether any registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Lumen Technologies, Inc. (the “Company”) announced that Ashley Haynes-Gaspar would be leaving her role as Executive Vice President, Chief Revenue Officer of the Company. Jeffery S. Sharritts has been appointed as the Company’s Executive Vice President, Chief Revenue Officer, effective as of February 4, 2026. Ms. Haynes-Gaspar will provide transition services to the Company through March 6, 2026 (the “Transition Date”) in order to ensure an orderly transition of her role to Mr. Sharritts.

In connection with the transition of her role and in exchange for a release of claims against the Company and its affiliates, Ms. Haynes Gaspar will receive (i) salary through her Transition Date, (ii) a short-term incentive bonus for fiscal year 2025 calculated based on actual performance for fiscal year 2025 and paid at the normal time such bonus is paid, (iii) any other benefits to which Ms. Haynes-Gaspar is entitled to under pre-existing plans or programs of the Company, including under the Lumen Executive Severance Plan, and (iv) accelerated vesting of certain time-based restricted shares and retention of certain performance-based restricted shares outstanding on her Transition Date, provided that Ms. Haynes-Gaspar continues to perform her duties as requested by and to the reasonable satisfaction of the Company’s Chief Executive Officer through her Transition Date.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Lumen Technologies, Inc., Level 3 Parent, LLC, and Qwest Corporation have duly caused this Current Report on Form 8-K to be signed on their behalf by the undersigned officer hereunto duly authorized.

				LUMEN TECHNOLOGIES, INC.
Dated: February 3, 2026				By:		/s/ Mark Hacker
						Mark Hacker
						Executive Vice President, Chief Legal Officer & Public Sector
				LEVEL 3 PARENT, LLC
Dated: February 3, 2026				By:		/s/ Mark Hacker
						Mark Hacker
						Executive Vice President, Chief Legal Officer & Public Sector
				QWEST CORPORATION
Dated: February 3, 2026				By:		/s/ Mark Hacker
						Mark Hacker
						Executive Vice President, Chief Legal Officer & Public Sector

FAQ

What executive leadership change did Lumen Technologies (LUMN) announce?

Lumen Technologies announced that Ashley Haynes-Gaspar is leaving her role as Executive Vice President, Chief Revenue Officer. Jeffery S. Sharritts has been appointed as the new Executive Vice President, Chief Revenue Officer, effective February 4, 2026, ensuring continuity in the company’s revenue leadership.

When does Jeffery S. Sharritts become Chief Revenue Officer at Lumen Technologies (LUMN)?

Jeffery S. Sharritts becomes Executive Vice President, Chief Revenue Officer of Lumen Technologies effective February 4, 2026. His appointment coincides with a planned transition period during which outgoing CRO Ashley Haynes-Gaspar will support an orderly handover of responsibilities through March 6, 2026.

How long will Ashley Haynes-Gaspar remain at Lumen Technologies (LUMN) during the transition?

Ashley Haynes-Gaspar will provide transition services to Lumen Technologies through March 6, 2026. During this period she is expected to perform duties as requested by the Chief Executive Officer to the CEO’s reasonable satisfaction to support a smooth leadership transition.

What compensation will Ashley Haynes-Gaspar receive in connection with her departure from Lumen Technologies (LUMN)?

Ashley Haynes-Gaspar will receive salary through her March 6, 2026 transition date, a short-term incentive bonus for fiscal 2025 based on actual performance, benefits under existing company plans including the Lumen Executive Severance Plan, and accelerated vesting of certain restricted shares, in exchange for a release of claims.

Are any of Ashley Haynes-Gaspar’s equity awards affected by her transition from Lumen Technologies (LUMN)?

Yes. In connection with her transition, certain time-based restricted shares will vest early and some performance-based restricted shares will be retained, subject to her performing transition duties to the reasonable satisfaction of Lumen’s Chief Executive Officer through March 6, 2026.

What conditions are tied to Ashley Haynes-Gaspar’s separation benefits from Lumen Technologies (LUMN)?

Her separation benefits are conditioned on two key factors: she must provide transition services through March 6, 2026 to the reasonable satisfaction of the Chief Executive Officer, and she must provide a release of claims against Lumen Technologies and its affiliates.