Form 4: Verizon Executive Kyle Malady Reports Acquisition of Phantom Stock Units

EVP and Group CEO of Verizon Business, Kyle Malady, reports acquiring phantom stock units equivalent to 141.316 shares of common stock through a deferred compensation plan.

Summary

• On April 10, 2025, Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., reported acquiring 141.316 units of phantom stock.
• Each phantom stock unit is economically equivalent to a portion of one share of common stock and will be settled in cash.
• The phantom stock was acquired through a deferred compensation plan.
• Following the transaction, Malady beneficially owns 375,350.758 shares of common stock indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports a transaction.

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 standard disclosures required by the SEC when company insiders, like executives, buy or sell their company's securities. This filing indicates changes in Kyle Malady's beneficial ownership of Verizon stock.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders.
• It provides transparency into executive compensation and alignment with shareholder interests.

Key Dates

Keywords

Form 4, Verizon, Kyle Malady, Phantom Stock, Deferred Compensation, Beneficial Ownership, VZ