Form 4: Verizon Director Daniel H. Schulman Reports Acquisition of Phantom Stock

Director Daniel H. Schulman reports acquiring phantom stock in Verizon Communications Inc. through a deferred compensation plan.

Summary

• Daniel H. Schulman, a director of Verizon Communications Inc., filed a Form 4 on March 20, 2025, reporting a transaction.
• The transaction involved the acquisition of 4,748 shares of phantom stock on March 18, 2025, through a deferred compensation plan.
• Following the transaction, Schulman beneficially owns 38,759 shares of phantom stock.
• Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash upon termination of service as a director.
• The report also includes a Power of Attorney, effective February 5, 2025, authorizing certain individuals to file reports on Schulman's behalf regarding transactions in Verizon's equity securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard compensation practices. The acquisition of phantom stock is neither overwhelmingly positive nor negative, but rather a neutral event in the context of executive compensation.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with those of the shareholders, as the value is tied to the company's stock performance.

Key Dates

Keywords

Form 4, phantom stock, Verizon, director, Schulman, beneficial ownership, deferred compensation, securities, transaction