Collins Michael 4

What Happened Michael Collins, a director of Lumen Technologies (LUMN), was granted 25,197 restricted stock units (RSUs) on 2026-05-21. The grant is reported at $9.44 per unit, for a reported value of $237,860. This is an award/acquisition (compensation) rather than an open-market purchase or sale.

Key Details

• Transaction date and terms: 25,197 RSUs granted on 2026-05-21 at $9.44 per unit (total $237,860).
• Vesting/payout: The RSUs vest on May 21, 2027 and will be paid out in shares of common stock per the reporting person’s deferral election (footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form filed 2026-05-26 (5 days after the transaction), which is beyond the standard 2-business-day Form 4 reporting window.

Context This was a standard director equity grant (RSUs) as part of compensation. RSUs vest in the future and are paid in shares per the deferral election, so no immediate change in publicly tradable shares occurred at grant. Such awards are routine and primarily reflect compensation arrangements rather than a direct market buy/sell signal.