Form 4: Rodney E. Slater Reports Acquisition of Verizon Phantom Stock
SEC Form 4 Filing
Director Rodney E. Slater reports acquiring 5,224 shares of Verizon phantom stock through a deferred compensation plan on March 1, 2024.
Summary
- Rodney E. Slater, a director of Verizon Communications Inc., reported acquiring 5,224 shares of phantom stock on March 1, 2024.
- The acquisition was made through a deferred compensation plan.
- Each share of phantom stock is equivalent to one share of common stock and will be settled in cash upon termination of service as a director.
- Following the transaction, Slater beneficially owns 83,902 shares of phantom stock, which includes shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors, and are publicly available to ensure transparency in the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company directors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: acquisition of phantom stock. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.