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

Verizon Communications Inc. EVP and Group CEO-VZ Consumer, Sampath Sowmyanarayan, acquired 164.933 phantom stock units through a deferred compensation plan, increasing his indirect beneficial ownership to 128,031.788 units.

Summary

• Sampath Sowmyanarayan, the Executive Vice President and Group CEO-VZ Consumer at Verizon Communications Inc. (VZ), acquired 164.933 units of phantom stock.
• The transaction date for this acquisition was June 18, 2025.
• Each phantom stock unit was acquired at a price of $11.89.
• These phantom stock units are the economic equivalent of a portion of one share of common stock and are settled in cash.
• The 164.933 phantom stock units acquired are equivalent to 47 shares of Verizon common stock.
• Following this acquisition, Mr. Sowmyanarayan's indirect beneficial ownership of phantom stock units totals 128,031.788 units.
• The phantom stock is held indirectly through a deferred compensation plan and includes units previously acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a neutral, factual report of an executive's compensation-related stock acquisition. It is a routine disclosure and does not inherently indicate positive or negative company performance or outlook, nor does it suggest any significant change in the company's financial health or strategic direction.

Positives

• The acquisition of phantom stock units by a key executive indicates continued participation in the company's long-term incentive and deferred compensation plans, aligning executive interests with shareholder value over time.

Future Outlook

This SEC Form 4 filing is a factual report of an executive's stock acquisition and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an executive's compensation-related stock acquisition within the telecommunications industry. It does not provide broader insights into industry trends or competitive dynamics, but rather reflects standard executive incentive structures.

Related Party Transactions

• The acquisition of phantom stock units by an executive through a deferred compensation plan is considered a related party transaction as it involves a company insider and the company's compensation scheme.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive compensation and ownership stakes, which can contribute to investor confidence by showing alignment of interests.
• Employees: Reflects the structure of executive compensation plans, potentially influencing perceptions of long-term incentives and benefits within the company.

Key Dates

Keywords

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