Lumen (NYSE: LUMN) CEO makes 482,900-share gift to family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lumen Technologies CEO Kathleen E. Johnson reported gifting shares of the company’s common stock. On May 7, 2026, she made bona fide gift transfers totaling 482,900 shares, including a transfer for estate planning purposes to an irrevocable trust for the benefit of her spouse and children.
Following these gifts, Johnson’s reported holdings remain substantial, with 8,509,539 shares held directly and 3,606,127 shares held indirectly through a spousal trust. The filing notes she disclaims ownership of the shares held in the irrevocable trust except to the extent of her beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
482,900 shares gifted
Mixed
2 txns
Insider
Johnson Kathleen E
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 241,450 | $0.00 | -- |
| Gift | Common Stock | 241,450 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,509,539 shares (Direct, null);
Common Stock — 3,606,127 shares (Indirect, By Spousal Trust)
Footnotes (1)
- Represents the reporting person's transfer of 241,450 shares of the Issuer's common stock for estate planning purposes to an irrevocable trust for the benefit of her spouse and children. The reporting person disclaims ownership of the shares held in this trust, except to the extent of her beneficial ownership therein.
Key Figures
Total shares gifted: 482,900 shares
Individual gift transaction size: 241,450 shares
Direct holdings after transaction: 8,509,539 shares
+3 more
6 metrics
Total shares gifted
482,900 shares
Bona fide gifts of common stock reported on May 7, 2026
Individual gift transaction size
241,450 shares
Each of two non-derivative gift transfers of common stock
Direct holdings after transaction
8,509,539 shares
Common stock held directly following the reported gifts
Indirect holdings after transaction
3,606,127 shares
Common stock held indirectly through a spousal trust
Transaction price per share
$0.00 per share
Both transactions coded as bona fide gifts with no consideration
Gift transaction count
2 transactions
Non-derivative common stock gifts with code G on May 7, 2026
Key Terms
bona fide gift, irrevocable trust, beneficial ownership, spousal trust
4 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
irrevocable trust financial
"transfer of 241,450 shares ... to an irrevocable trust for the benefit of her spouse and children"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
beneficial ownership financial
"disclaims ownership of the shares held in this trust, except to the extent of her beneficial ownership therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
spousal trust financial
"nature_of_ownership: By Spousal Trust"
FAQ
What insider transaction did Lumen Technologies (LUMN) report for CEO Kathleen Johnson?
Kathleen E. Johnson reported bona fide gifts of Lumen Technologies common stock. On May 7, 2026, she filed a Form 4 showing estate-planning related gift transfers totaling 482,900 shares, rather than open-market purchases or sales.
Does the Lumen (LUMN) CEO still hold a significant stake after these gifts?
Yes, the CEO still reports substantial Lumen holdings after the gifts. Following the reported transactions, she holds 8,509,539 shares directly and 3,606,127 shares indirectly through a spousal trust, according to the Form 4 data.
Were the Lumen (LUMN) CEO’s transactions open-market sales or estate gifts?
The transactions are disclosed as bona fide gifts, not open-market sales. Both entries use transaction code G and are described as gift transfers, including a transfer to an irrevocable trust for the benefit of her spouse and children.