Form 4: Shellye Archambeau Reports Acquisition of Verizon Communications Phantom Stock

Director Shellye Archambeau reports acquiring 5,224 shares of Verizon Communications phantom stock through a deferred compensation plan.

Summary

• Shellye Archambeau, a director of Verizon Communications Inc., filed a Form 4 on March 5, 2024, reporting a transaction that occurred on March 1, 2024.
• The transaction involved the acquisition of 5,224 shares of phantom stock through a deferred compensation plan.
• Following the reported transaction, Archambeau beneficially owns 56,024 shares of phantom stock, including those acquired through dividend reinvestment.
• Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash upon termination of service as a director.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction in phantom stock. It is neutral in sentiment.

Future Outlook

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

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It provides transparency into the holdings of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the compensation and holdings of company directors.

Key Dates