Form 4: Verizon Executive Kyle Malady Acquires Phantom Stock Units

Verizon's EVP and Group CEO, Kyle Malady, acquired 150.848 units of phantom stock through a deferred compensation plan.

Summary

• Kyle Malady, an Executive Vice President and Group CEO at Verizon, acquired 150.848 units of phantom stock on January 2, 2025.
• The phantom stock was acquired through a deferred compensation plan.
• Each unit of phantom stock is equivalent to a portion of one share of common stock and will be settled in cash.
• The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The reporting person also holds 360,017.789 units of phantom stock indirectly through the deferred compensation plan, which includes units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock aligns executive interests with company performance.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The deferred compensation plan allows for tax-advantaged savings and investment.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation in publicly traded companies, including those in the telecommunications sector.
• Companies like AT&T and T-Mobile also use similar compensation methods to align executive interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Verizon, VZ, equity