Form 4: Verizon Executive Craig L. Silliman Reports Changes in Beneficial Ownership
SEC Filing Form 4
EVP & President of Verizon Global Services, Craig L. Silliman, reports changes in beneficial ownership of Verizon Communications Inc. stock, including phantom stock units.
Summary
- Craig L. Silliman, an EVP & President at Verizon Communications Inc., filed a Form 4 on May 31, 2024, reporting changes in his beneficial ownership of the company's stock.
- The reported transactions include the acquisition of phantom stock units and adjustments to holdings in a deferred compensation plan.
- As of the reported transaction, Silliman beneficially owns 263,752.899 shares of common stock indirectly through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
- He also acquired 26,882.324 phantom stock units on May 29, 2024.
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.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key executive.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of transaction involving phantom stock units. |
| 05/31/2024 | Date of Form 4 filing. |
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