Lumen Technologies (NYSE: LUMN) CEO purchases 100,000 shares via trust
Rhea-AI Filing Summary
Lumen Technologies, Inc. reports that CEO Kathleen E. Johnson, through a revocable trust, purchased 100,000 shares of common stock on August 6, 2026 at a weighted average price of $6.1268 per share, with prices ranging from $6.065 to $6.175. The purchased shares are held by the Revocable Trust of Todd and Kathleen Johnson, where she serves as a trustee. Following this and prior estate-planning transfers, Johnson is reported as holding 7,509,539 shares directly, and additional indirect holdings of 100,000 shares via the revocable trust, 3,606,127 shares via a spousal trust, and 1,000,000 shares via a grantor retained annuity trust.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 100,000 shares
Net Buy
4 txns
Insider
Johnson Kathleen E
Role
Chief Executive Officer
Bought
100,000 shs ($613K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 100,000 | $6.1268 | $613K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 100,000 shares (Indirect, By Revocable Trust);
Common Stock — 7,509,539 shares (Direct);
Common Stock — 3,606,127 shares (Indirect, By Spousal Trust);
Common Stock — 1,000,000 shares (Indirect, By Grantor Retained Annuity Trust)
Footnotes (3)
- F1. The price in column 4 is a weighted average price. The prices actually paid for the stock ranged from $6.065 to $6.175 per share. The Reporting Person has provided the Company, and upon request, will provide any security holder of the Company or the staff of the U.S. Securities and Exchange Commission, with information regarding the number of shares acquired at each price within that range.
- F2. Shares are held by the Revocable Trust of Todd and Kathleen Johnson, u/a/d November 29, 2021, of which the Reporting Person is a trustee.
- F3. Includes the transfer of 1,000,000 shares on May 15, 2026 to the Kathleen E Johnson May 2026 2-Year GRAT, U/A 5/11/26, of which the Reporting Person is the trustee, for estate planning purposes.
Key Figures
Shares purchased: 100,000 shares of Common Stock
Weighted average purchase price: $6.1268 per share
Purchase price range: $6.065 to $6.175 per share
+4 more
7 metrics
Shares purchased
100,000 shares of Common Stock
Open-market or private purchase on August 6, 2026 by revocable trust associated with CEO
Weighted average purchase price
$6.1268 per share
Price for 100,000-share purchase; actual prices ranged from $6.065 to $6.175
Purchase price range
$6.065 to $6.175 per share
Range of prices paid for shares included in the 100,000-share acquisition
Direct holdings after transaction
7,509,539 shares
Common Stock held directly by Kathleen Johnson following the reported activity
Revocable Trust holdings
100,000 shares
Common Stock held by the Revocable Trust of Todd and Kathleen Johnson after the purchase
Spousal Trust holdings
3,606,127 shares
Common Stock held indirectly by spousal trust associated with Kathleen Johnson
GRAT holdings
1,000,000 shares
Common Stock held by Kathleen E Johnson May 2026 2-Year GRAT for estate planning
Key Terms
Revocable Trust, Grantor Retained Annuity Trust, spousal trust, weighted average price, +1 more
5 terms
Revocable Trust financial
"Shares are held by the Revocable Trust of Todd and Kathleen Johnson"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Grantor Retained Annuity Trust financial
"transfer of 1,000,000 shares to the Kathleen E Johnson May 2026 2-Year GRAT"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
spousal trust financial
"Common Stock held indirectly by Spousal Trust associated with Kathleen Johnson"
weighted average price financial
"The price in column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Rule 10b5-1 financial
"The Rule 10b5-1 checkbox was not marked for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Lumen (LUMN) CEO Kathleen Johnson report?
Kathleen E. Johnson reported buying 100,000 Lumen common shares on August 6, 2026 through a revocable trust. The weighted average purchase price was $6.1268 per share, reflecting an open-market transaction for indirect holdings associated with her.