Form 4: Verizon Director Litchfield Reports Phantom Stock Acquisition

Caroline Litchfield, a director at Verizon Communications Inc., reported the acquisition of phantom stock units settled in cash, according to a Form 4 filing with the SEC.

Summary

• Caroline Litchfield, a director of Verizon Communications Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 18, 2025, involving phantom stock.
• Litchfield acquired 4,748 shares of phantom stock, which are the economic equivalent of common stock and settled in cash.
• Following the reported transaction, Litchfield beneficially owns 5,948 shares of phantom stock, including those acquired through dividend reinvestment.
• Litchfield also granted power of attorney to William L. Horton, Jr., Dana C. Kahney, Evgeniya Berezkina and Meryl Friedman to file reports regarding transactions in Verizon's equity securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their company's stock. This allows investors to monitor insider activity, which can sometimes provide insights into a company's prospects.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Director, Litchfield, SEC, Beneficial Ownership