Form 4: Verizon Director Narasimhan Acquires Phantom Stock

Laxman Narasimhan, a director at Verizon Communications Inc., acquired phantom stock equivalent to 4,748 shares of common stock on March 18, 2025.

Summary

• Laxman Narasimhan, a director of Verizon Communications Inc., filed a Form 4 on March 20, 2025, reporting a transaction.
• On March 18, 2025, Narasimhan acquired 4,748 shares of phantom stock, which are the economic equivalent of common stock and settled in cash upon termination of service as a director.
• The price of the derivative security was $0.
• Following the transaction, Narasimhan beneficially owns 26,327 shares of phantom stock through a deferred compensation plan, including shares acquired through dividend reinvestment.
• Narasimhan has 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, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings.

Key Dates

Keywords

Form 4, phantom stock, director, Verizon, Narasimhan, beneficial ownership, securities