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
- On August 29, 2024, Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., reported changes in beneficial ownership.
- The reported transactions involve phantom stock units and common stock.
- Malady acquired 148.02 phantom stock units at a price of $11.77 per unit.
- Following the reported transaction, Malady beneficially owns 352,959.662 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.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of transaction involving phantom stock units. |
| 09/03/2024 | Date of report filing. |
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