Form 4: Roxanne S. Austin Reports Acquisition of Verizon Communications Inc. Phantom Stock
SEC Form 4 Filing
Director Roxanne S. Austin reports acquiring 5,224 shares of Verizon Communications Inc. phantom stock on March 1, 2024, according to a Form 4 filing.
Summary
- Roxanne S. Austin, a director of Verizon Communications Inc., filed a Form 4 with the SEC on March 5, 2024.
- The report details a transaction on March 1, 2024, where Ms. Austin acquired 5,224 shares of phantom stock.
- These shares are the economic equivalent of common stock and will be settled in cash upon termination of service as a director.
- Following the reported transaction, Ms. Austin beneficially owns 23,157 derivative securities through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock becomes payable following the reporting person's termination of service as a director.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Roxanne S. Austin acquired 5,224 shares of phantom stock. |
| 03/05/2024 | Date of Form 4 filing with the SEC. |
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.