Form 4: Verizon CEO Acquires Additional Phantom Stock Through Deferred Compensation Plan

Verizon Communications Inc. Chairman and CEO, Hans Erik Vestberg, acquired 215.655 units of phantom stock on May 22, 2025, through a deferred compensation plan.

Summary

• Hans Erik Vestberg, Chairman and CEO of Verizon Communications Inc., acquired 215.655 units of phantom stock.
• The transaction occurred on May 22, 2025, and was reported on May 23, 2025.
• Each unit of phantom stock is the economic equivalent of a portion of one share of common stock and was valued at $12.31 per unit for this acquisition.
• Following this acquisition, Mr. Vestberg beneficially owns a total of 194,251.905 units of phantom stock.
• The phantom stock is held indirectly through a deferred compensation plan and includes units acquired through dividend reinvestment.
• These phantom stock units are settled in cash and become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by the CEO, particularly through a deferred compensation plan, generally indicates alignment of executive interests with long-term shareholder value and is a routine part of executive compensation, which is a neutral to slightly positive signal.

Positives

• The acquisition of phantom stock by the CEO aligns management's long-term interests with shareholder value, as the value of phantom stock is tied to the company's common stock performance.
• Participation in a deferred compensation plan indicates a commitment by the executive to the company's future.

Future Outlook

This SEC Form 4 filing is a report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing details a routine executive compensation transaction, specifically the acquisition of phantom stock through a deferred compensation plan. Such plans are common across various industries for aligning executive incentives with long-term company performance and are a standard component of executive remuneration packages in large publicly traded companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction may be viewed positively as it indicates management's continued investment and alignment with the company's long-term performance, potentially fostering confidence.

Key Dates

Recommendation

Keywords

Verizon, VZ, Hans Erik Vestberg, Phantom Stock, Deferred Compensation, Executive Compensation, Insider Transaction, SEC Form 4