Lumen EVP granted 427,450 restricted shares

HACKER MARK S. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

HACKER MARK S. reported acquisition or exercise transactions in this Form 4 filing.

Lumen Technologies executive Mark S. Hacker received an equity grant of 427,450 shares of common stock as compensation. The award is structured as restricted stock, with 40% vesting in three equal annual installments starting on March 1, 2027. The remaining 60% is performance-based and will vest on March 1, 2029, only to the extent two three-year performance metrics are achieved. Following this grant, Hacker directly holds 965,127 shares of Lumen common stock.

Insider Trade Summary

Grant/Award: 427,450 shares

Grant/Award 1 txn

Insider HACKER MARK S.

Role EVP, CLO & Public Sector

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	427,450	$0.00	$0.00

Holdings After Transaction: Common Stock — 965,127 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of restricted stock (40% time-based and 60% performance-based). The time-based portion will vest in three equal annual installments beginning on March 1, 2027. Vesting of the performance-based portion is dependent upon the extent to which two three-year performance metrics are achieved, with any earned shares vesting on March 1, 2029.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Lumen Technologies (LUMN) report in this Form 4 for Mark S. Hacker?

Lumen Technologies reported that executive Mark S. Hacker received a grant of 427,450 shares of restricted common stock. This equity award increases his direct holdings to 965,127 shares, aligning his compensation more closely with the company’s long-term performance and shareholder value.

How is Mark S. Hacker’s 427,450-share LUMN award structured?

The 427,450-share award is entirely restricted stock, split between time-based and performance-based vesting. This structure ties a portion of Hacker’s compensation to continued service and another portion to achieving specific multi-year performance goals set by Lumen Technologies’ board.

When do the time-based restricted LUMN shares for Mark S. Hacker vest?

The time-based portion, representing 40% of the 427,450 restricted shares, vests in three equal annual installments. Vesting begins on March 1, 2027, encouraging long-term retention and alignment with company strategy over several years of continued employment at Lumen Technologies.

What conditions apply to the performance-based Lumen (LUMN) shares granted to Mark S. Hacker?

The performance-based portion, representing 60% of the restricted shares, vests only if two three-year performance metrics are achieved. Any earned shares from this tranche will vest on March 1, 2029, making the award contingent on Lumen Technologies’ longer-term operating and financial results.

How many Lumen Technologies shares does Mark S. Hacker own after this Form 4 transaction?

After the reported grant, Mark S. Hacker directly owns 965,127 shares of Lumen Technologies common stock. This total reflects the addition of 427,450 restricted shares awarded on March 1, 2026, as part of his compensation as EVP, CLO & Public Sector.

What role does Mark S. Hacker hold at Lumen Technologies (LUMN)?

Mark S. Hacker serves as Executive Vice President, Chief Legal Officer and Public Sector leader at Lumen Technologies. The reported restricted stock grant aligns his compensation with both legal stewardship responsibilities and the company’s performance in its public sector business segments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 04:51 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HACKER MARK S.

(Last) (First) (Middle)

100 CENTURYLINK DR

(Street)

MONROE LA 71203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lumen Technologies, Inc. [ LUMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CLO & Public Sector

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		A(1)		427,450	A	$0	965,127	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of restricted stock (40% time-based and 60% performance-based). The time-based portion will vest in three equal annual installments beginning on March 1, 2027. Vesting of the performance-based portion is dependent upon the extent to which two three-year performance metrics are achieved, with any earned shares vesting on March 1, 2029.

Remarks:

	/s/ Meredith Hayes, as Attorney-in-Fact for Mark S. Hacker	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.