Lumen Technologies, Inc. files DEF 14A with executive compensation details

Ticker: LUMN · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 18926

Sentiment: neutral

Topics: Lumen Technologies, LUMN, DEF 14A, Executive Compensation, Corporate Governance

TL;DR

<b>Lumen Technologies, Inc. has filed its DEF 14A, detailing executive compensation and corporate governance for the period ending May 15, 2024.</b>

AI Summary

Lumen Technologies, Inc. (LUMN) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Lumen Technologies, Inc. filed a DEF 14A form on April 5, 2024. The filing covers the period ending May 15, 2024. The company was formerly known as CenturyLink, Inc. and CenturyTel Inc. Key executive compensation components include PEO member and Non-PEO/NEO member data. Specific adjustments to compensation calculations are detailed, such as exclusion of pension value changes and inclusion of equity values.

Why It Matters

For investors and stakeholders tracking Lumen Technologies, Inc., this filing contains several important signals. This filing provides crucial information for shareholders regarding executive pay structures and potential changes, influencing voting decisions on corporate governance matters. Understanding the details of executive compensation, including adjustments and awards, is vital for investors assessing the company's financial health and management's alignment with shareholder interests.

Risk Assessment

Risk Level: — Lumen Technologies, Inc. shows moderate risk based on this filing. The filing is a DEF 14A, which is a routine disclosure for executive compensation and shareholder matters, indicating standard corporate governance practices rather than immediate financial distress or significant positive developments.

Analyst Insight

Shareholders should review the detailed executive compensation tables and proposals to make informed voting decisions at the upcoming shareholder meeting.

Executive Compensation

NameTitleTotal Compensation
Jeff StoreyMember
Kathleen JohnsonMember

Key Numbers

Key Players & Entities

FAQ

When did Lumen Technologies, Inc. file this DEF 14A?

Lumen Technologies, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 5, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Lumen Technologies, Inc. (LUMN).

Where can I read the original DEF 14A filing from Lumen Technologies, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Lumen Technologies, Inc..

What are the key takeaways from Lumen Technologies, Inc.'s DEF 14A?

Lumen Technologies, Inc. filed this DEF 14A on April 5, 2024. Key takeaways: Lumen Technologies, Inc. filed a DEF 14A form on April 5, 2024.. The filing covers the period ending May 15, 2024.. The company was formerly known as CenturyLink, Inc. and CenturyTel Inc..

Is Lumen Technologies, Inc. a risky investment based on this filing?

Based on this DEF 14A, Lumen Technologies, Inc. presents a moderate-risk profile. The filing is a DEF 14A, which is a routine disclosure for executive compensation and shareholder matters, indicating standard corporate governance practices rather than immediate financial distress or significant positive developments.

What should investors do after reading Lumen Technologies, Inc.'s DEF 14A?

Shareholders should review the detailed executive compensation tables and proposals to make informed voting decisions at the upcoming shareholder meeting. The overall sentiment from this filing is neutral.

Risk Factors

Key Dates

Glossary

DEF 14A
Definitive Proxy Statement (This form is used to solicit proxies from shareholders and provides detailed information about executive compensation, director nominations, and other matters to be voted on at the annual meeting.)
PEO Member
Principal Executive Officer Member (Refers to the compensation and details related to the company's top executive officers.)
Non-PEO/NEO Member
Non-Principal Executive Officer / Non-Named Executive Officer Member (Refers to compensation and details for other executive officers who are not considered the primary named executive officers.)

Filing Stats: 4,417 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-04-05 16:06:26

Key Financial Figures

Filing Documents

Forward-Looking Statements

Forward-Looking Statements Except for historical and factual information contained herein, matters set forth in our 2024 proxy materials (and our accompanying 2023 annual report) identified by words such as "expects," "believes," "will" and similar expressions are forward- looking statements as defined by the federal securities laws and are subject to the "safe harbor" protection thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only and are subject to uncertainties. Actual events and results may differ materially from those anticipated by us in those statements due to several factors, including those disclosed in our other filings with the SEC. We may change our intentions or plans discussed in our forward-looking statements without notice at any time and for any reason. Certain Defined Terms All references in this proxy statement or related materials to "we," "us," "our," the "Company" or "Lumen" refer to Lumen Technologies, Inc. In addition, each reference to (i) the "Board" refers to our Board of Directors, (ii) "Voting Shares" refers collectively to our shares of Common Stock ("Common Shares") and shares of Series L Preferred Stock ("Preferred Shares"), (iii) "Meeting," "the meeting" "annual shareholders meeting" or "annual meeting" refers to the 2024 annual meeting of our shareholders described further herein, (iv) "named executives," "named officers," "named executive officers" or "NEOs" refers to the current and former officers listed in the Summary Compensation Table in this proxy statement, (v) "HRCC" refers to the Human Resources and Compensation Committee of our Board, (vi) "NCG Committee" refers to the Nominating and Corporate Governance Committee of our Board, (vii) "SLT", "senior leadership team" or "senior officers" refers to our executive officers and a limited number of additional officers whose compensation is determined by the HRCC, (viii) "Qwest" refers to our affiliate Qwe

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