Allen Quincy L 4

What Happened

• Quincy L. Allen, a director of Lumen Technologies, received a grant of 25,197 restricted stock units (RSUs) on May 21, 2026. The grant is valued at $9.44 per unit, totaling approximately $237,860. The transaction is reported on a Form 4 as an acquisition (award/grant).

Key Details

• Transaction date and price: 2026-05-21; 25,197 RSUs at $9.44 each (total ~$237,860).
• Filing date: 2026-05-26 (filed five days after the transaction); this appears later than the typical 2-business-day Form 4 reporting window.
• Shares owned after transaction: Not specified in the filing.
• Transaction code: A (award/grant).
• Footnote: The RSUs vest on May 21, 2027 and will be paid out in shares of common stock at a later date according to the reporting person’s deferral election (no immediate stock delivered).
• No sale, tax-withholding, or cashless exercise was reported in this filing.

Context

• This was a compensation award (RSUs) for a director, not an open-market purchase or sale. RSU grants are common for directors and employees and do not necessarily signal insider buying or selling intent until they vest and/or are sold. The delayed filing may be worth noting for compliance tracking but does not, by itself, indicate trading intent.