Chilton Kevin P. 4

What Happened Kevin P. Chilton, a director of Lumen Technologies (LUMN), was granted 25,197 restricted stock units (RSUs) on 2026-05-21 at a reported per-share value of $9.44, for a total grant value of $237,860. This transaction is a compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-26 (filed 5 days after the transaction — later than the typical 2-business-day Form 4 deadline).
• Grant amount and value: 25,197 RSUs @ $9.44 each = $237,860 total.
• Vesting/payout: RSUs vest on 2027-05-21 and will be paid out in shares of Common Stock at a later date per the reporting person’s deferral election (footnote).
• Shares owned after transaction: not specified in the provided filing details.
• Filing notes: transaction coded as an award/grant (A). No 10b5-1 plan, tax withholding, or cashless sale indicated in the available footnote.

Context This was a standard equity compensation grant to a board director. RSU awards are routine corporate compensation and do not represent an immediate purchase or sale of stock; the shares will only be delivered (and possibly taxed) after vesting and any deferral elections are processed. The late filing may be relevant for compliance monitoring but does not itself indicate trading intent.