Form 4: Verizon Executive Acquires Phantom Stock Units Through Deferred Compensation Plan

Verizon's Executive Vice President and Group CEO, Kyle Malady, acquired 158.149 phantom stock units through a deferred compensation plan.

Summary

• Kyle Malady, an Executive Vice President and Group CEO at Verizon, acquired 158.149 units of phantom stock on January 16, 2025.
• The phantom stock units were acquired through a deferred compensation plan.
• Each phantom stock unit is equivalent to a portion of one share of common stock and will be settled in cash.
• The payout of these phantom stock units will occur based on events established by Mr. Malady within the deferred compensation plan.
• Mr. Malady also holds 360,175.938 phantom stock units indirectly through a deferred compensation plan, which includes units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive for the company's outlook.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the company's performance.
• The deferred compensation plan allows for tax-advantaged savings and investment.

Future Outlook

The phantom stock units will be settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This type of transaction is common for executives at publicly traded companies as part of their compensation packages, aligning their interests with shareholder value.

Comparison to Industry Standards

• Many large public companies use phantom stock or similar equity-based compensation plans for their executives.
• These plans are designed to incentivize performance and retain key talent.
• The specific terms and conditions of these plans can vary widely between companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, Verizon, stock units, insider trading, Form 4