Sharritts Jeffery S. 4

What Happened

• Jeffery S. Sharritts, EVP and Chief Revenue Officer of Lumen Technologies (LUMN), received a grant of 634,699 restricted shares effective 2026-03-01. The shares were issued at $0.00 (an award/grant), so no cash was exchanged. This is an equity award (not a purchase or sale).

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
• Transaction type/code: Award/Grant (A); 634,699 shares acquired at $0.00.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The grant is restricted stock made up of 40% time-based and 60% performance-based shares. Time-based portion vests in three equal annual installments beginning March 1, 2027. Performance-based portion vests (if earned) based on two three-year performance metrics, with any earned shares vesting March 1, 2029.
• Filing timeliness: Form 4 was filed two days after the transaction; the filing shows no indication of a late report.

Context

• This award is a common form of long-term incentive for executives: no immediate cash impact and vesting is tied to service and performance. Such grants are intended to align management incentives with company performance and do not by themselves signal insider buying or selling.