Form 4: Verizon Director Daniel H. Schulman Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Daniel H. Schulman reports acquiring 5,224 shares of Verizon phantom stock through a deferred compensation plan.
Summary
- On March 1, 2024, Daniel H. Schulman, a director of Verizon Communications Inc., acquired 5,224 shares of phantom stock.
- The acquisition was made through a deferred compensation plan.
- Each share of phantom stock is equivalent to one share of common stock and will be settled in cash upon termination of service as a director.
- Following the transaction, Schulman beneficially owns 31,838 shares of phantom stock, including shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in a deferred compensation plan, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of phantom stock acquisition |
| 03/05/2024 | Date of signature on the Form 4 filing |
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