Form 4: Verizon Director Roxanne S. Austin Reports Phantom Stock Acquisition

Roxanne S. Austin, a director at Verizon Communications Inc., reported the acquisition of phantom stock units settled in cash, according to a recent SEC filing.

Summary

• Roxanne S. Austin, 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.
• Austin acquired 4,748 units of phantom stock, which are the economic equivalent of common stock and are settled in cash upon termination of service as a director.
• Following the reported transaction, Austin beneficially owns 29,485 units of phantom stock through a deferred compensation plan.
• The filing also includes a Power of Attorney, effective as of February 5, 2025, authorizing certain individuals to execute and file reports on Austin's behalf regarding transactions in Verizon's equity securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

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

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock settled in cash.

Key Dates

Keywords

Form 4, SEC, Verizon, Director, Phantom Stock, Beneficial Ownership, Power of Attorney, Deferred Compensation