Lumen Technologies (LUMN) awards sign-on restricted stock to EVP James Fowler

Rhea-AI Filing Summary

Lumen Technologies executive James Fowler received a large sign-on equity grant. On January 5, 2026, he was awarded 612,860 shares of Lumen common stock at a price of $0 per share as time-based restricted stock. Following this grant, he beneficially owned 1,048,310 shares directly.

The award is structured to vest over several years. According to the grant terms, 487,787 shares will vest in three equal annual installments beginning on January 5, 2027. The remaining 125,073 shares will vest in equal installments on January 5, 2031 and January 5, 2033. This creates a long-term equity incentive tied to his continued service as EVP, Chief Technology & Product Officer.

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

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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^*

Fowler James

(Last) (First) (Middle)

100 CENTURYLINK DRIVE

(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, Chief Tech & Product Off.

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		A(1)		612,860	A	$0	1,048,310	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 sign-on equity grant of time-based restricted stock. 487,787 shares will vest in three equal annual installments beginning on January 5, 2027. The remaining 125,073 will vest in equal installments on January 5, 2031 and January 5, 2033.

Remarks:

	/s/ Meredith Hayes, as Attorney-in-fact for James Fowler	01/07/2026
	** 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.

FAQ

What insider transaction did Lumen Technologies (LUMN) report for James Fowler?

Lumen Technologies reported that EVP, Chief Technology & Product Officer James Fowler received a sign-on grant of 612,860 shares of common stock on January 5, 2026, at a price of $0 per share as time-based restricted stock.

How many Lumen (LUMN) shares does James Fowler own after this Form 4 transaction?

After the reported grant, James Fowler beneficially owned 1,048,310 shares of Lumen Technologies common stock, held directly.

How do the restricted stock awards for Lumen EVP James Fowler vest?

The filing states that 487,787 shares will vest in three equal annual installments beginning on January 5, 2027. The remaining 125,073 shares will vest in equal installments on January 5, 2031 and January 5, 2033.

Was the Lumen (LUMN) Form 4 transaction a purchase or an award of shares?

The transaction was reported with code A and described as a sign-on equity grant of time-based restricted stock, with a transaction price of $0 per share, indicating an equity award rather than an open-market purchase.

What is James Fowler’s role at Lumen Technologies (LUMN) mentioned in the Form 4?

The Form 4 identifies James Fowler as an officer of Lumen Technologies, serving as EVP, Chief Tech & Product Off.