Form 4: Verizon Director Colao Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Vittorio Colao reports acquisition of phantom stock in Verizon Communications Inc.
Summary
- Vittorio Colao, a director of Verizon Communications Inc., reported a transaction involving phantom stock.
- On March 18, 2025, Colao acquired 4,748 shares of phantom stock.
- These shares are the economic equivalent of common stock and will be settled in cash upon termination of service as a director.
- Following the transaction, Colao beneficially owns 17,523 derivative securities.
- The shares were acquired through a deferred compensation plan and include phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies like Verizon.
Key Dates
| Date | Description |
|---|---|
| February 5, 2025 | Date of Power of Attorney document. |
| March 18, 2025 | Date of transaction involving phantom stock acquisition. |
| March 20, 2025 | Date of signature for the report. |
Keywords
Form 4, Vittorio Colao, Verizon, Phantom Stock, Director, Beneficial Ownership, VZ
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