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

Director Shellye L. Archambeau reports acquiring phantom stock in Verizon Communications Inc. through a deferred compensation plan.

Summary

• Shellye L. Archambeau, a director of Verizon Communications Inc., filed a Form 4 on March 20, 2025, reporting a transaction involving phantom stock.
• On March 18, 2025, Archambeau acquired 4,748 shares of phantom stock through a deferred compensation plan.
• The price of the derivative security was $0.
• Following the transaction, Archambeau beneficially owns 64,596 shares of phantom stock indirectly through a deferred compensation plan.
• 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.
• The report also includes a Power of Attorney, effective February 5, 2025, authorizing certain individuals to execute and file reports on Archambeau's behalf regarding transactions in Verizon's equity securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard compensation practices. The sentiment is neutral to slightly positive as it reflects ongoing executive compensation.

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 corporate insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors as it relates to executive compensation.

Key Dates

Keywords

Form 4, phantom stock, Verizon Communications Inc., director, Archambeau, deferred compensation, beneficial ownership, securities, transaction, power of attorney