Form 4: Verizon Executive Craig L. Silliman Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Craig L. Silliman, EVP & President of Verizon Global Services, reported the acquisition of phantom stock units and holdings in Verizon Communications Inc.
Summary
- Craig L. Silliman, an executive at Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 116.558 units of phantom stock at a price of $11.48 on June 20, 2024.
- Silliman also indirectly owns 212,363.105 shares of common stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of phantom stock acquisition |
| 06/24/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.