Lumen Technologies, Inc. (LUMN) Form 8-K — Oct 23, 2026
Lumen Technologies amended its Lumen Executive Severance Plan on October 22, 2026, removing CEO Kate Johnson and other named executive officers as participants, renaming it the Lumen Severance Plan, and adopting a new Lumen Executive Severance Plan via participation agreements. The company also entered into an amended and restated Change of Control and Severance Agreement with CEO Kate Johnson, replacing her 2022 agreement. She receives 104 weeks of salary-plus-bonus severance on a non-change-in-control termination and 2.5x salary plus target bonus if terminated within 24 months of a change in control, with no excise tax gross-up.
Key figures
- Cic severance multiple
- 2
- Non cic severance weeks
- 52
- Cic severance multiple ceo
- 2.5
- Non cic severance weeks ceo
- 104
- Cic protection period months
- 24
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