Lumen Technologies adopts new executive severance plan, preserves existing benefits
LUMN•Lumen Technologies adopted new executive severance arrangements on October 22, 2026, with no material change to existing benefits. CEO Kate Johnson’s agreement provides 104 weeks of base salary and her target annual bonus for qualifying terminations outside a change-in-control window.
1. Severance terms
Under the plan, participating executives qualify for 52 weeks of base salary, plus additional bonus benefits, after a qualifying termination outside a change-in-control window. Qualifying change-in-control terminations trigger cash severance equal to twice the sum of base salary and average annual bonus over the preceding three fiscal years. Johnson’s qualifying change-in-control severance remains 2.5 times the sum of her base salary and target annual bonus, with two years of continued benefits.
