Summary by Moomoo AI
Kathleen E. Johnson, President & CEO of Lumen Technologies, completed a gift transaction of the company's common stock on May 8, 2024. The transaction involved the disposal of 750,000 shares at no cost, leaving Johnson with a direct holding of 7,006,290 shares. Additionally, an acquisition of the same number of shares, 750,000, was made indirectly through a spousal trust, also as a bona fide gift at no cost, resulting in an indirect holding of 2,212,528 shares post-transaction. The nature of the shares in both transactions was direct and indirect, respectively, and the total value of the shares disposed of was reported as $0.00, indicating that no funds were exchanged in the process.