Form 4: Verizon Director Gregory G. Weaver Reports Changes in Beneficial Ownership
SEC Filing
Gregory G. Weaver, a director of Verizon Communications Inc., reported changes in beneficial ownership of phantom stock acquired through a deferred compensation plan.
Summary
- On March 1, 2024, Gregory G. Weaver, a director of Verizon Communications Inc., reported the acquisition of 5,224 shares of phantom stock through a deferred compensation plan.
- 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.
- Following the transaction, Weaver beneficially owns 46,855 shares of phantom stock, including shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Verizon.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Acquisition of phantom stock. |
| 03/05/2024 | Date of signature by Attorney-in-fact. |
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