Form 4: Verizon Executive Acquires Additional Phantom Stock Units

Sampath Sowmyanarayan, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., acquired 158.776 phantom stock units on June 5, 2025, increasing his indirect beneficial ownership to 127,866.855 units.

Summary

• Sampath Sowmyanarayan, Executive Vice President and Group CEO-VZ Consumer at Verizon Communications Inc. (VZ), acquired 158.776 phantom stock units.
• The transaction occurred on June 5, 2025.
• Phantom stock units are the economic equivalent of a portion of one share of common stock and are settled in cash.
• These units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• Following this acquisition, Mr. Sowmyanarayan's total indirect beneficial ownership of phantom stock units stands at 127,866.855, which includes units acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing disclosing an executive's acquisition of phantom stock units as part of a deferred compensation plan. It is a factual disclosure with no inherent positive or negative implications for the company's operational or financial performance.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of an executive's compensation-related equity holdings in a major telecommunications company. It does not provide insights into broader industry trends or competitive landscape.

Stakeholder Impact

• This filing primarily impacts the reporting executive by increasing their deferred compensation holdings. For shareholders, it provides transparency into executive compensation and equity ownership, but does not directly impact company operations or financial health.

Key Dates

Keywords

Verizon Communications Inc., VZ, Sampath Sowmyanarayan, SEC Form 4, Insider Trading, Phantom Stock, Deferred Compensation, Executive Compensation