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

A Verizon executive, Sowmyanarayan Sampath, acquired phantom stock units equivalent to 50 common shares through a deferred compensation plan.

Summary

• Sowmyanarayan Sampath, an Executive Vice President and Group CEO at Verizon, acquired 174.125 units of phantom stock on January 30, 2025.
• These phantom stock units are economically equivalent to a portion of one share of common stock and will be settled in cash.
• The acquisition was made through a deferred compensation plan.
• The price of the phantom stock was $11.27 per unit.
• The executive now holds a total of 113,572.797 phantom stock units, including those acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock may indicate confidence in the company's future.

Positives

• The acquisition of phantom stock units by a high-ranking executive may indicate confidence in the company's future performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for executives at publicly traded companies like Verizon. It reflects routine compensation practices.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation in large public companies like Verizon.
• Many companies in the telecommunications sector use similar deferred compensation plans to align executive interests with shareholder value.
• The specific number of units and price are specific to the executive's compensation package and are not directly comparable to other companies without further context.

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, insider trading, Verizon, VZ, equity