Lumen Technologies (LUMN) director receives 25,197-share equity award grant
Rhea-AI Filing Summary
Lumen Technologies director Kevin P. Chilton received an equity grant rather than buying shares on the market. On this Form 4, he acquired 25,197 shares of Common Stock as a compensation-related grant valued at $9.44 per share. These are restricted stock units that will vest on May 21, 2027 and be settled in shares later under his deferral election. After this award, his direct holdings increased to 436,716 shares, indicating this is a routine incentive grant that raises his long-term equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,197 shares
Net Buy
1 txn
Insider
Chilton Kevin P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,197 | $9.44 | $238K |
Holdings After Transaction:
Common Stock — 436,716 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Equity award size: 25,197 shares
Grant reference price: $9.44 per share
Holdings after transaction: 436,716 shares
+1 more
4 metrics
Equity award size
25,197 shares
Grant of Common Stock as restricted stock units
Grant reference price
$9.44 per share
Price per share used for the award
Holdings after transaction
436,716 shares
Total direct Common Stock held after grant
Vesting date
May 21, 2027
Restricted stock units vesting date
Key Terms
restricted stock units, Form 4, grant, award, or other acquisition, deferral election
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.
Form 4 regulatory
"On this Form 4, he acquired 25,197 shares of Common Stock"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant, award, or other acquisition regulatory
"transaction_code_description": "Grant, award, or other acquisition""
deferral election financial
"paid out in shares of Common Stock at a later date according to the Reporting Person's deferral election"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Lumen Technologies (LUMN) disclose in Kevin P. Chilton’s latest Form 4?
Lumen Technologies reported that director Kevin P. Chilton received a grant of 25,197 shares of Common Stock at $9.44 per share. This was a compensation-related equity award, not an open-market purchase, and increased his direct holdings to 436,716 shares.
Was Kevin P. Chilton buying or selling Lumen Technologies (LUMN) stock in this Form 4?
He was not buying or selling in the open market; he acquired shares through an equity award. The Form 4 shows a grant of 25,197 restricted stock units, classified as a grant or award acquisition, increasing his long-term ownership position in Lumen Technologies.
How large is Kevin P. Chilton’s new equity award in Lumen Technologies (LUMN)?
The award covers 25,197 shares of Lumen Technologies Common Stock at a reference price of $9.44 per share. This restricted stock unit grant adds to his existing stake and brings his total direct holdings reported in this filing to 436,716 shares.
When do Kevin P. Chilton’s new Lumen Technologies (LUMN) restricted stock units vest?
The restricted stock units granted to Kevin P. Chilton will vest on May 21, 2027. According to the filing, they will then be paid out in shares of Common Stock at a later date based on his deferral election, extending the compensation horizon.