Form 4: Verizon Director Melanie Healey Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Melanie Healey reported the acquisition of phantom stock in Verizon Communications Inc. through a deferred compensation plan.
Summary
- Melanie Healey, a director of Verizon Communications Inc., reported a transaction involving phantom stock.
- On March 1, 2024, Healey acquired 5,224 shares of phantom stock 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 reported transaction, Healey beneficially owns 68,832 shares of phantom stock, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the sentiment is neutral.
Future Outlook
The phantom stock becomes payable following the reporting person's termination of service as a director.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of phantom stock acquisition |
| 03/05/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.