Form 4: Verizon Executive Acquires Phantom Stock Units

Joseph J. Russo, EVP & President of Global Networks & Technology at Verizon, reports the acquisition of phantom stock units through a deferred compensation plan.

Summary

• On March 27, 2025, Joseph J. Russo, an executive at Verizon Communications Inc., acquired phantom stock units.
• The transaction involved the acquisition of 85.473 phantom stock units at a price of $12.82 per unit.
• Following the reported transaction, Russo beneficially owns 64,283.15 derivative securities indirectly through a deferred compensation plan.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.
• The reported holdings include phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a routine transaction related to executive compensation.

Future Outlook

The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and holdings of key executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves internal compensation arrangements for an executive.
• Shareholders may be interested in executive compensation practices as an indicator of management alignment with shareholder interests.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Executive Compensation, Joseph J. Russo, VZ, Deferred Compensation Plan, Insider Trading