share_log

Lumen Technologies | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

SEC announcement ·  May 17 05:27
Summary by Futu AI
On May 16, 2024, Lumen Technologies, Inc. filed a Registration Statement on Form S-8 with the Securities and Exchange Commission, signaling the approval of the 2024 Equity Incentive Plan following shareholder consent on May 15, 2024. The plan authorizes the issuance of 43 million new shares of common stock, plus additional shares that may become available from forfeited or expired awards under the 2018 Plan. The 2024 Plan, which replaces the 2018 Plan, aims to incentivize key employees, officers, directors, consultants, and advisors by aligning their interests with those of shareholders through stock-based incentives. The plan includes provisions for incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, and other stock-based awards, with a minimum vesting period of one year. The plan also outlines the conditions under which adjustments to incentives may be made, such as in the event of a Change of Control, and includes measures to comply with Section 409A of the Internal Revenue Code.
On May 16, 2024, Lumen Technologies, Inc. filed a Registration Statement on Form S-8 with the Securities and Exchange Commission, signaling the approval of the 2024 Equity Incentive Plan following shareholder consent on May 15, 2024. The plan authorizes the issuance of 43 million new shares of common stock, plus additional shares that may become available from forfeited or expired awards under the 2018 Plan. The 2024 Plan, which replaces the 2018 Plan, aims to incentivize key employees, officers, directors, consultants, and advisors by aligning their interests with those of shareholders through stock-based incentives. The plan includes provisions for incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, and other stock-based awards, with a minimum vesting period of one year. The plan also outlines the conditions under which adjustments to incentives may be made, such as in the event of a Change of Control, and includes measures to comply with Section 409A of the Internal Revenue Code.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.