Lumen Technologies, Inc. — Form 10-Q
Filed November 4, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 18/100
What the filing says
Lumen Technologies adopted a new Executive Severance Plan effective October 22, 2026, superseding prior arrangements. CEO Kate Johnson receives enhanced protections: 104 weeks of severance (vs. 52 weeks for other executives) on non-change-of-control termination, 2× base salary plus 3-year average bonus on change-of-control termination, 24-month employment term protection post-change-of-control, and maintained compensation during employment term. Non-executive eligible employees (SVPs, Section 16 officers, Senior Officers) receive 52 weeks severance on non-CIC termination, 2× compensation on CIC termination. Bylaws amended February 18, 2026 with procedural updates to shareholder meeting rules.
Why this rating
Administrative severance plan adoption and CEO agreement amendment. No material financial impact disclosed; benefits paid only upon termination events. Routine governance document.
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