Form 4: Verizon CEO Hans Vestberg Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Verizon CEO Hans Vestberg reports acquiring phantom stock units and holding common stock through a deferred compensation plan.
Summary
- On March 27, 2025, Hans Erik Vestberg, the Chairman and CEO of Verizon Communications Inc., reported a transaction involving phantom stock units.
- Vestberg acquired 206.936 phantom stock units, with each unit representing the economic equivalent of a portion of one share of common stock, settled in cash upon certain events.
- The price per phantom stock unit was $12.82.
- Following the reported transaction, Vestberg beneficially owns 190,429.97 shares of common stock indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units settled in cash and held within a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of phantom stock acquisition |
| 03/28/2025 | Date of report signature |
Keywords
Form 4, Verizon, Vestberg, Phantom Stock, Beneficial Ownership, Deferred Compensation
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