Form 4: Verizon Communications Inc. Executive Acquires Phantom Stock Units

Mary-Lee Stillwell, SVP and Controller at Verizon Communications Inc., acquired phantom stock units equivalent to 12 shares of common stock through a deferred compensation plan.

Summary

• On May 9, 2024, Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., acquired 41.66 units of phantom stock.
• These phantom stock units are the economic equivalent of a portion of one share of common stock and are settled in cash.
• The price of the derivative security was $11.36.
• Following the transaction, Stillwell beneficially owns 7,419.286 derivative securities through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard regulatory filing reflecting an executive's compensation activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of their confidence in the company's future performance.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors as it involves internal compensation arrangements.

Key Dates