Form 4: Verizon Executive Craig L. Silliman Reports Acquisition of Phantom Stock

Craig L. Silliman, EVP & President of Verizon Global Services, reported the acquisition of phantom stock units equivalent to 134.808 shares of common stock on February 29, 2024, through a deferred compensation plan.

Summary

• On February 29, 2024, Craig L. Silliman, an Executive Vice President and President of Verizon Global Services, reported a transaction involving phantom stock.
• Silliman acquired 134.808 units of phantom stock at a price of $11.43 each.
• These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events as per the deferred compensation plan.
• Following the reported transaction, Silliman indirectly owns 337,405.256 shares of common stock, including phantom stock acquired through dividend reinvestment, via a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates