Form 4: Verizon CEO Hans Vestberg Acquires Phantom Stock Units Through Deferred Compensation Plan

Verizon's CEO, Hans Vestberg, acquired 242.496 units of phantom stock through a deferred compensation plan, equivalent to common stock, settled in cash.

Summary

• Verizon CEO Hans Vestberg acquired 242.496 units of phantom stock on January 16, 2025.
• These phantom stock units are economically equivalent to shares of common stock but are settled in cash.
• The acquisition was made through a deferred compensation plan.
• The price per unit was $10.94.
• Vestberg now holds a total of 167,740.691 phantom stock units, including those acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to positively by investors. It indicates alignment of interests between management and shareholders.

Positives

• The acquisition of phantom stock units aligns the CEO's interests with the company's performance.
• The deferred compensation plan allows for long-term incentives for the CEO.

Industry Context

Executive compensation through phantom stock is a common practice in large corporations to align management's interests with shareholder value.

Comparison to Industry Standards

• Many large public companies use phantom stock or similar instruments as part of their executive compensation packages.
• The use of deferred compensation plans is also a standard practice to incentivize long-term performance.
• Companies like AT&T and T-Mobile also use similar compensation methods for their executives.

Stakeholder Impact

• The acquisition of phantom stock units by the CEO aligns his interests with those of shareholders.
• The deferred compensation plan may incentivize the CEO to focus on long-term value creation.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Verizon, Hans Vestberg