Lumen Technologies adopts new executive severance plan, preserves existing benefits

• Lumen Technologies adopted new executive severance arrangements on October 22, 2026, with no material change to existing benefits.
• Participating executives qualify for 52 weeks of base salary upon qualifying termination outside the change-in-control window, with additional bonus benefits.
• Qualifying change-in-control terminations trigger cash severance of twice the sum of base salary and average annual bonus over the preceding three fiscal years.
• CEO Kate Johnson's restated agreement provides 104 weeks of base salary and her target annual bonus for qualifying non-change-in-control terminations.
• Johnson's qualifying change-in-control severance remains 2.5 times the sum of base salary and target annual bonus, with two years of continued benefits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lumen Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000018926-26-000065), on October 23, 2026, and is solely responsible for the information contained therein.