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

EVP & President of Verizon Global Services, Craig L. Silliman, reports changes in beneficial ownership of Verizon Communications Inc. stock, including phantom stock transactions.

Summary

• Craig L. Silliman, EVP & President of Verizon Global Services, filed a Form 4 detailing changes in his beneficial ownership of Verizon Communications Inc. securities.
• The report includes transactions related to phantom stock, which is the economic equivalent of Verizon common stock and settled in cash.
• On May 30, 2024, Silliman acquired 7,439 shares of phantom stock at a price of $11.51, resulting in a holding of 237,684.851 shares.
• The phantom stock is held indirectly through a deferred compensation plan and becomes payable upon events established by the reporting person.
• The reporting person has the right to transfer the value of these shares into an alternative investment under the deferred compensation plan.

Sentiment

Score: 5

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

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 the executive's holdings, which can be related to compensation or personal investment decisions.

Key Dates