Form 4: Verizon Executive Craig L. Silliman Reports Changes in Beneficial Ownership

Craig L. Silliman, EVP & President of Verizon Global Services, reports changes in beneficial ownership of Verizon Communications Inc. stock, including phantom stock units acquired through a deferred compensation plan.

Summary

• Craig L. Silliman, an executive at Verizon Communications Inc., filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Verizon stock.
• The transactions involve phantom stock units acquired through a deferred compensation plan.
• On May 31, 2024, Silliman acquired 7,290 phantom stock units at a price of $11.74, resulting in a total of 212,133.04 phantom stock units.
• These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events.
• Silliman also has the option to transfer the value of these shares into an alternative investment under the deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating neutral sentiment. It simply reports transactions and holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Silliman's holdings, which are likely related to his compensation and deferred compensation plan.

Key Dates