Form 4: Verizon Executive Kyle Malady Reports Acquisition of Phantom Stock
SEC Form 4 Filing
EVP and Group CEO of Verizon Business, Kyle Malady, reports acquiring phantom stock units equivalent to 136.915 shares of common stock through a deferred compensation plan.
Summary
- On September 26, 2024, Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., acquired phantom stock units.
- The acquisition was made through a deferred compensation plan.
- The phantom stock units are equivalent to 136.915 shares of common stock.
- The reporting person also indirectly owns 353,235.846 shares of common stock through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and 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.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of transaction: Acquisition of phantom stock units |
| 09/30/2024 | Date of signature on the report |
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