Form 4: Verizon CEO Hans Vestberg Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Verizon's Chairman and CEO, Hans Erik Vestberg, reports acquiring phantom stock units and holding them indirectly through a deferred compensation plan.
Summary
- Hans Erik Vestberg, Chairman and CEO of Verizon Communications Inc., filed a Form 4 on April 25, 2025.
- The report details the acquisition of phantom stock units equivalent to 217.228 shares of common stock on April 24, 2025, at a price of $12.22 per unit.
- These phantom stock units were acquired through a deferred compensation plan.
- Following the transaction, Vestberg beneficially owns 190,863.883 phantom stock units indirectly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of transaction: Acquisition of phantom stock units. |
| 04/25/2025 | Date of Form 4 filing. |
Keywords
Form 4, Verizon, Hans Vestberg, Phantom Stock, Deferred Compensation, Beneficial Ownership, VZ
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