Lumen (NYSE: LUMN) director awarded 25,197 deferred RSUs as equity pay

Q: What did Lumen (LUMN) director Michael Collins report in this Form 4?

Michael Collins reported receiving a grant of 25,197 restricted stock units linked to Lumen common stock at $9.44 per share. This is a compensation-related award, not an open-market trade, and increases his direct equity-based holdings in the company.

Q: How many Lumen (LUMN) shares are included in Michael Collins’ new grant?

The new grant covers 25,197 restricted stock units tied to Lumen common stock. These units represent a right to receive the same number of shares in the future, subject to vesting and Collins’ deferral election for when they are actually delivered.

Q: Is Michael Collins’ Lumen (LUMN) Form 4 a stock purchase or sale?

The filing shows an equity award , not a purchase or sale in the market. Collins received 25,197 restricted stock units as compensation, so there was no open-market buying or selling involved in this particular Form 4 transaction.

Q: What are Michael Collins’ direct and indirect Lumen (LUMN) holdings after this filing?

After the grant, Collins holds 25,197 shares directly. He also has indirect holdings of 380 shares through the MC Trust and 115 shares through a spousal trust, reflecting additional exposure to Lumen stock via related entities.

Q: How is the payout of Michael Collins’ Lumen restricted stock units structured?

The grant will be paid out in shares of Lumen common stock after it vests on May 21, 2027 , but actual delivery will occur later in line with Collins’ deferral election, which lets him choose a future time to receive the vested shares.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Collins Michael reported acquisition or exercise transactions in this Form 4 filing.

Director Michael Collins of Lumen Technologies, Inc. received a grant of 25,197 restricted stock units tied to the company’s Common Stock at a reference price of $9.44 per share. This is a compensation-related award, not an open-market purchase.

The grant will vest on May 21, 2027, and will be paid out in shares of Common Stock at a later date based on Collins’ deferral election. Following this award, he holds 25,197 shares directly, plus indirect holdings of 380 shares through the MC Trust and 115 shares through a spousal trust.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Collins Michael

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	25,197	$9.44	$238K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 25,197 shares (Direct, null); Common Stock — 115 shares (Indirect, By Spousal Trust)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 25,197 units Grant reference price: $9.44/share Vesting date: May 21, 2027 +3 more

6 metrics

RSU grant size 25,197 units Restricted stock units granted to Michael Collins

Grant reference price $9.44/share Price per share used for the RSU grant

Vesting date May 21, 2027 Date when RSUs vest

Direct holdings after grant 25,197 shares Common Stock directly held following the award

MC Trust indirect holdings 380 shares Common Stock held indirectly by MC Trust

Spousal trust indirect holdings 115 shares Common Stock held indirectly by spousal trust

Key Terms

restricted stock units, deferral election, indirect ownership, grant, award, or other acquisition

4 terms

restricted stock units financial

"This grant of restricted stock units will vest on May 21, 2027"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

deferral election financial

"paid out in shares of Common Stock at a later date according to the Reporting Person's deferral election"

indirect ownership financial

"direct_or_indirect: "I", nature_of_ownership: "By MC Trust""

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 05:26 PM

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^*

Collins Michael

(Last)

(First)

(Middle)

100 CENTURYLINK DR

(Street)

MONROE

LOUISIANA

71203

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A⁽¹⁾		25,197	A	$9.44	25,197	D
Common Stock								115	I	By Spousal Trust
Common Stock								380	I	By MC Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This grant of restricted stock units will vest on May 21, 2027, but will be paid out in shares of Common Stock at a later date according to the Reporting Person's deferral election.

Remarks:

	/s/ Cory Smith, as Attorney-in-Fact for Michael Collins	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Lumen (LUMN) director Michael Collins report in this Form 4?

Michael Collins reported receiving a grant of 25,197 restricted stock units linked to Lumen common stock at $9.44 per share. This is a compensation-related award, not an open-market trade, and increases his direct equity-based holdings in the company.

How many Lumen (LUMN) shares are included in Michael Collins’ new grant?

The new grant covers 25,197 restricted stock units tied to Lumen common stock. These units represent a right to receive the same number of shares in the future, subject to vesting and Collins’ deferral election for when they are actually delivered.

When do Michael Collins’ new Lumen (LUMN) restricted stock units vest?

The restricted stock units granted to Michael Collins vest on May 21, 2027. After vesting, they will be paid out in Lumen common shares at a later time determined by his deferral election, which delays the actual share delivery beyond the vesting date.

Is Michael Collins’ Lumen (LUMN) Form 4 a stock purchase or sale?

The filing shows an equity award, not a purchase or sale in the market. Collins received 25,197 restricted stock units as compensation, so there was no open-market buying or selling involved in this particular Form 4 transaction.

What are Michael Collins’ direct and indirect Lumen (LUMN) holdings after this filing?

After the grant, Collins holds 25,197 shares directly. He also has indirect holdings of 380 shares through the MC Trust and 115 shares through a spousal trust, reflecting additional exposure to Lumen stock via related entities.

How is the payout of Michael Collins’ Lumen restricted stock units structured?

The grant will be paid out in shares of Lumen common stock after it vests on May 21, 2027, but actual delivery will occur later in line with Collins’ deferral election, which lets him choose a future time to receive the vested shares.