Sharritts Jeffery S. 4

What Happened Jeffery S. Sharritts, Executive Vice President and Chief Revenue Officer of Lumen Technologies (LUMN), was granted 576,282 shares of restricted stock on February 4, 2026. The shares were issued at $0.00 (award/grant — Form 4 Transaction Code A). This is a sign-on/time‑based equity award, not an open‑market purchase or sale, so it reflects compensation rather than an immediate trading view.

Key Details

• Transaction date and filing: Granted 576,282 shares on 2026-02-04; Form 4 filed 2026-02-06 (timely).
• Price: $0.00 per share (award/grant).
• Shares owned after transaction: Not specified in the filing.
• Footnote (F1): This is a sign-on time‑based restricted stock grant. 288,141 shares vest in three equal annual installments beginning Feb 4, 2027. The other 288,141 shares vest in equal installments on Feb 4, 2027 and Feb 4, 2028.
• Transaction type: Award/grant (code A); not a purchase (P) or sale (S).

Context Restricted stock awards are common for new hires or retention and carry vesting conditions before shares become freely tradeable. Because this grant was issued as compensation and vests over time, it does not represent an immediate buy or sell signal but does align the executive’s incentive with long‑term company performance.