Form 4: Verizon Executive Kyle Malady Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Group CEO of Verizon Business, Kyle Malady, reports acquisition of phantom stock units and adjustments to holdings through a deferred compensation plan.
Summary
- On September 12, 2024, Kyle Malady, EVP and Group CEO of Verizon Business, reported changes in beneficial ownership of Verizon Communications Inc. securities.
- The reported transactions involve phantom stock units acquired through a deferred compensation plan.
- Malady acquired 139.269 phantom stock units at a price of $12.51 each.
- Malady's total holdings include 353,098.931 shares of common stock, including phantom stock acquired through dividend reinvestment, held indirectly through a deferred compensation plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates changes in the holdings of a key executive at Verizon.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction involving phantom stock units. |
| 09/16/2024 | Date of signature for the report. |
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