Form 4: Carol B. Tome Reports Acquisition of Verizon Phantom Stock

Director Carol B. Tome reports acquisition of Verizon phantom stock units through deferred compensation plan.

Summary

• Carol B. Tome, a director of Verizon Communications Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 18, 2025, where Ms. Tome acquired 4,748 units of phantom stock.
• These units were acquired through a deferred compensation plan.
• Each phantom stock unit is the economic equivalent of one share of Verizon common stock and is settled in cash upon termination of service as a director.
• Following the reported transaction, Ms. Tome beneficially owns 21,908 units of phantom stock through the deferred compensation plan, including shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

Positives

• The acquisition of phantom stock through a deferred compensation plan aligns the director's interests with the long-term performance of the company.
• Dividend reinvestment further increases the director's stake in the company.

Future Outlook

The phantom stock units become payable following the reporting person's termination of service as a director.

Industry Context

Directors often receive stock-based compensation to align their interests with shareholders. Phantom stock is a common form of deferred compensation.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Director, Carol B. Tome, Deferred Compensation, SEC, Beneficial Ownership