Form 4: Verizon Executive Craig L. Silliman Reports Changes in Beneficial Ownership
SEC Filing
EVP & President of Verizon Global Services, Craig L. Silliman, reports changes in beneficial ownership of Verizon Communications Inc. securities.
Summary
- Craig L. Silliman, an EVP & President at Verizon Global Services, filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of Verizon Communications Inc. securities.
- On April 11, 2024, Silliman acquired 116.724 units of phantom stock at $11.47 each.
- Following the transaction, Silliman beneficially owns 337,751.603 shares of common stock, including phantom stock acquired through dividend reinvestment, held indirectly through a deferred compensation plan.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of transaction: Acquisition of phantom stock. |
| 04/15/2024 | Date of report: Form 4 filing date. |
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