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

Verizon's CEO, Hans Vestberg, acquired 219.632 units of phantom stock through a deferred compensation plan, equivalent to common stock, settled in cash.

Summary

• Verizon CEO Hans Vestberg acquired 219.632 units of phantom stock on December 5, 2024.
• 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 $12.14.
• Following the transaction, Vestberg's total holdings include 167,033.204 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 as it aligns management with company performance.

Positives

• The acquisition of phantom stock by the CEO demonstrates alignment with the company's performance.
• The deferred compensation plan allows for long-term incentives for the CEO.

Industry Context

This type of transaction is common for executive compensation in large public companies, aligning executive interests with shareholder value through equity-based incentives.

Comparison to Industry Standards

• Many large public companies use phantom stock or similar deferred compensation plans as part of their executive compensation packages.
• These plans are designed to incentivize long-term performance and align executive interests with shareholder value.
• Companies like AT&T and T-Mobile also use similar compensation structures for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CEO's interests with the company's performance.

Key Dates

Keywords

phantom stock, deferred compensation, Verizon, CEO, Hans Vestberg, equity, executive compensation