secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001193125-22-085992
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumen appoints Chris Stansbury as CFO effective April 4, 2022; succeeds Neel Dev
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- Christopher Stansbury appointed EVP and CFO, effective April 4, 2022; he previously served as SVP and CFO of Arrow Electronics.
- Stansbury's compensation: $750k base salary, $937.5k target short-term incentive, $4.35M target long-term incentive, plus sign-on cash bonus of $150k and equity award of $3.75M.
- Outgoing CFO Indraneel Dev gets accelerated vesting of 2020-2021 time-based RSUs, prorated performance-based RSUs, and cash severance; forfeits 2022 equity grants.
- No changes to previously issued financial outlook or expectations related to this appointment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000119312522085992/0001193125-22-085992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000119312522085992/d280485d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-085992

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer