Lumen Technologies (LUMN) director receives 25,197 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Linear Diankha reported acquisition or exercise transactions in this Form 4 filing.
Lumen Technologies director Linear Diankha received an equity award in the form of restricted stock units. The grant covers 25,197 units of Common Stock valued at $9.44 per share for reporting purposes. Following this award, Diankha is reported as beneficially owning 223,426 shares.
The footnote explains that these restricted stock units will vest on May 21, 2027 and will then be paid out in shares of Common Stock at a later date according to Diankha’s deferral election. This is a compensation-related grant, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Linear Diankha
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,197 | $9.44 | $238K |
Holdings After Transaction:
Common Stock — 223,426 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 25,197 units
Grant valuation price: $9.44 per share
Post-award holdings: 223,426 shares
+1 more
4 metrics
RSU grant size
25,197 units
Restricted stock units of Common Stock granted to Linear Diankha
Grant valuation price
$9.44 per share
Reference price used for the RSU award
Post-award holdings
223,426 shares
Total Common Stock beneficially owned after the grant
Vesting date
May 21, 2027
Scheduled vesting date for the restricted stock units
Key Terms
restricted stock units, deferral election, beneficially owning, transaction code A
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"
beneficially owning financial
"total_shares_following_transaction: 223426.0000"
transaction code A regulatory
"transaction_code: "A" transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Lumen Technologies (LUMN) report for Linear Diankha?
Lumen Technologies reported that director Linear Diankha received a grant of 25,197 restricted stock units of Common Stock. This is a compensation-related equity award, not an open-market trade, and increases Diankha’s reported beneficial ownership to 223,426 shares after the grant.
At what price was Linear Diankha’s Lumen (LUMN) stock unit grant valued?
The 25,197 restricted stock units granted to Linear Diankha were valued at $9.44 per share for reporting purposes. This value reflects the reference price used in the Form 4 and does not represent an open-market purchase price or immediate cash transaction.
When do Linear Diankha’s Lumen Technologies restricted stock units vest?
Linear Diankha’s restricted stock units are scheduled to vest on May 21, 2027. According to the footnote, payout will occur in shares of Common Stock at a later date determined by the director’s deferral election, separating vesting from actual share delivery timing.
Is Linear Diankha’s Lumen Technologies (LUMN) transaction a buy or a grant?
The transaction is a grant of restricted stock units, classified as an acquisition by award rather than an open-market buy. The Form 4 uses transaction code A, with a footnote clarifying vesting on May 21, 2027 and later share payout under a deferral election.