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 and holding a significant amount of common stock and phantom stock.
Summary
- On August 15, 2024, Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., reported a transaction involving phantom stock.
- Malady acquired 152.457 shares of phantom stock at a price of $11.43 per share.
- Following the reported transaction, Malady beneficially owns 352,811.642 shares of common stock indirectly through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
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 holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of phantom stock transaction |
| 08/19/2024 | Date of signature on the Form 4 filing |
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