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 a significant amount of phantom stock through a deferred compensation plan.
Summary
- On March 13, 2025, Hans Erik Vestberg, the Chairman and CEO of Verizon Communications Inc., reported acquiring 212.813 units of phantom stock.
- These phantom stock units were acquired through a deferred compensation plan.
- Each unit is economically equivalent to a portion of one share of Verizon's common stock and is settled in cash upon events established by Vestberg in accordance with the deferred compensation plan.
- Following the transaction, Vestberg beneficially owns 190,223.034 units of phantom stock through the deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard insider trading activity.
Future Outlook
The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the compensation and holdings of the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of transaction: Hans Vestberg acquired phantom stock units. |
| 03/14/2025 | Date of signature: Evgeniya Berezkina, Attorney-in-fact, signed the report. |
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