Form 4: Verizon CEO Hans Vestberg Reports Acquisition of Phantom Stock Units

Verizon CEO Hans Vestberg reports acquiring phantom stock units and holding common stock through a deferred compensation plan.

Summary

• Hans Erik Vestberg, Verizon's Chairman and CEO, filed a Form 4 detailing changes in beneficial ownership.
• On May 8, 2025, Vestberg acquired 213.299 units of phantom stock at a price of $12.44 each.
• Vestberg also holds 194,036.25 shares of common stock indirectly through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
• The phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon events established by Vestberg in accordance with the deferred compensation plan.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The acquisition of phantom stock by the CEO can be seen as a moderately positive sign of confidence in the company's future, but it's a routine transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's continued investment in the company's stock, which can be viewed positively by investors.

Stakeholder Impact

• The acquisition of phantom stock by the CEO could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Verizon, Vestberg, phantom stock, Form 4, beneficial ownership, deferred compensation, CEO, stock