Lumen (NYSE: LUMN) CAO gets 97,147 restricted shares, withholds stock for taxes

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Form Type

Rhea-AI Filing Summary

Lumen Technologies, Inc. reported that Chief Accounting Officer and Controller Donald Leroy Holt received an equity award and had shares withheld for taxes. On March 1, 2026, he acquired 97,147 shares of common stock as a grant of restricted stock at a stated price of $0.00 per share. According to the grant terms, 40% is time-based and will vest in three equal annual installments beginning on March 1, 2027, while 60% is performance-based and will vest on March 1, 2029 depending on two three-year performance metrics. On the same date, 2,080 shares of common stock at $7.11 per share were disposed of to cover taxes due upon the vesting of equity awards, which is a tax-withholding disposition rather than an open-market sale. After these transactions, Holt directly held 166,557 shares of Lumen common stock.

Insider Trade Summary

Net Buyer: 95,067 shares

Net Buy 2 txns

Insider Holt Donald Leroy

Role Chief Acctg. Off. & Controller

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	97,147	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,080	$7.11	$15K

Holdings After Transaction: Common Stock — 166,557 shares (Direct)

Footnotes (2)

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.
F2. Shares withheld to cover the taxes due upon the vesting of equity awards.

FAQ

What insider transactions did Lumen Technologies (LUMN) disclose for Donald Holt?

Lumen Technologies disclosed that Chief Accounting Officer Donald Holt received a grant of 97,147 restricted common shares and had 2,080 shares withheld to cover taxes on vested equity awards, both dated March 1, 2026, under direct ownership.

Was the LUMN insider transaction by Donald Holt a stock grant or a market purchase?

The primary LUMN insider transaction for Donald Holt was a stock grant, not a market purchase. He received 97,147 restricted common shares at a stated price of $0.00 per share as an equity award with time-based and performance-based vesting conditions.

How will Donald Holt’s Lumen Technologies restricted stock grant vest?

Donald Holt’s Lumen Technologies restricted stock grant vests partly over time and partly on performance. Forty percent vests in three equal annual installments starting March 1, 2027, while the remaining 60% vests March 1, 2029, depending on two three-year performance metrics.

Why were 2,080 Lumen Technologies shares disposed of in Donald Holt’s Form 4?

The 2,080 Lumen Technologies shares were disposed of to cover taxes due on the vesting of equity awards. This tax-withholding disposition, reported at $7.11 per share, represents shares withheld for tax payment rather than an open-market sale transaction by Holt.

How many Lumen Technologies shares does Donald Holt hold after these insider transactions?

Following the reported Form 4 transactions, Donald Holt directly holds 166,557 shares of Lumen Technologies common stock. This reflects the net position after receiving 97,147 restricted shares and having 2,080 shares withheld to satisfy tax obligations related to equity awards.

What roles does Donald Holt hold at Lumen Technologies in this Form 4 filing?

In this Form 4, Donald Holt is identified as an officer of Lumen Technologies serving as Chief Accounting Officer and Controller. The reported equity grant and tax-withholding share disposition both relate to his compensation and equity-based incentives in that executive role.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 04:52 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^*

Holt Donald Leroy

(Last)

(First)

(Middle)

100 CENTURYLINK DR

(Street)

MONROE

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)
	Chief Acctg. Off. & Controller

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)
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	03/01/2026		A⁽¹⁾		97,147	A	$0	168,637	D
Common Stock	03/01/2026		F⁽²⁾		2,080	D	$7.11	166,557	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)
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. 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.

2. Shares withheld to cover the taxes due upon the vesting of equity awards.

Remarks:

	/s/ Meredith Hayes, as Attorney-in-fact for Donald Leroy Holt	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.

Source: View Original Filing on SEC EDGAR