Form 4: Verizon CEO Hans Vestberg Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Verizon CEO Hans Vestberg reports the acquisition of phantom stock units and holdings through a deferred compensation plan.
Summary
- Hans Erik Vestberg, Verizon's Chairman and CEO, filed a Form 4 disclosing changes in beneficial ownership.
- The report indicates the acquisition of 216.685 units of phantom stock on April 10, 2025, at a price of $12.25 per unit.
- These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events.
- Vestberg's holdings include 190,646.655 units of phantom stock held indirectly through a deferred compensation plan, including shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Industry Context
Executive compensation disclosures are standard practice and provide transparency into the alignment of management's interests with those of shareholders. Phantom stock is a common tool used to incentivize executives.
Key Dates
| Date | Description |
|---|---|
| 04/10/2025 | Date of phantom stock acquisition |
| 04/11/2025 | Date of Form 4 filing |
Keywords
Form 4, Verizon, Hans Vestberg, Phantom Stock, Beneficial Ownership, Deferred Compensation, Executive Compensation
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