Form 4: Verizon Executive Acquires Restricted Stock Units
SEC Form 4 Filing
Joseph J. Russo, EVP&Pres-Global Networks&Tech at Verizon Communications Inc, acquired 38,436 Restricted Stock Units on March 18, 2025, which will vest in three equal annual installments beginning March 1, 2026.
Summary
- On March 18, 2025, Joseph J. Russo, an executive at Verizon Communications Inc, acquired 38,436 Restricted Stock Units (RSUs).
- These RSUs represent the right to receive one share of Verizon common stock, plus accrued dividends, on the payment date when the RSU vests.
- The RSUs will vest in three equal annual installments starting on March 1, 2026, subject to the terms of the RSU Agreement.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices, aligning management interests with shareholders.
Positives
- The acquisition of RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.
Future Outlook
The RSUs will vest in three equal annual installments beginning on March 1, 2026, subject to the terms of the RSU Agreement.
Industry Context
This is a standard practice for executive compensation in publicly traded companies, aligning management's interests with shareholders through equity-based awards.
Comparison to Industry Standards
- Granting restricted stock units is a common practice among large corporations like Verizon to incentivize and retain key executives.
- Companies such as AT&T and T-Mobile also utilize similar equity compensation plans for their executives.
- The vesting schedule of three equal annual installments is also a typical arrangement in the industry.
Stakeholder Impact
- Shareholders may view this as a positive sign, indicating that the executive is incentivized to improve the company's performance.
- Employees may see this as a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of transaction: Joseph J. Russo acquired 38,436 Restricted Stock Units. |
| 03/01/2026 | First vesting date: The RSUs will vest in three equal annual installments beginning on this date. |
Keywords
Restricted Stock Units, RSU, Verizon, Executive Compensation, Form 4, Beneficial Ownership, Equity Securities
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