Form 4: Verizon Director Rodney E. Slater Reports Acquisition of Phantom Stock

Director Rodney E. Slater reports acquiring phantom stock in Verizon Communications Inc., according to a recent SEC filing.

Summary

• Rodney E. Slater, a director of Verizon Communications Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 18, 2025, where Slater acquired 4,748 shares of phantom stock.
• These shares are the economic equivalent of common stock and will be settled in cash upon termination of service as a director.
• Following the reported transaction, Slater beneficially owns 94,376 shares of phantom stock through a deferred compensation plan.
• The filing also includes a Power of Attorney, authorizing certain individuals to execute and file reports on Slater's behalf regarding transactions in Verizon's equity securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing a common form of executive compensation.

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.

Stakeholder Impact

• The acquisition of phantom stock by a director could be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Director, SEC Filing, Rodney E. Slater, Beneficial Ownership, Deferred Compensation, Power of Attorney