Form 4: Verizon Executive Kyle Malady Reports Changes in Beneficial Ownership
SEC Filing
EVP and Group CEO of Verizon Business, Kyle Malady, reports changes in beneficial ownership of Verizon Communications Inc. securities, including phantom stock units.
Summary
- Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., filed a Form 4 on October 28, 2024, reporting changes in beneficial ownership.
- The reported transactions include the acquisition of phantom stock units and holdings through a deferred compensation plan.
- Malady indirectly owns 353,523.936 shares of common stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
- On October 24, 2024, Malady acquired 145.884 phantom stock units at $11.94 each.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of transaction involving phantom stock units. |
| 10/28/2024 | Date of Form 4 filing. |
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