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 changes in beneficial ownership of Verizon Communications Inc. securities, including phantom stock units.
Summary
- Kyle Malady, EVP and Group CEO of Verizon Business, filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of Verizon Communications Inc. securities.
- On June 20, 2024, Malady acquired phantom stock units representing the economic equivalent of a portion of one share of common stock, settled in cash.
- The transaction involved 151.727 phantom stock units at a price of $11.48 per unit.
- Following the reported transaction, Malady beneficially owns 346,599.864 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 transactions.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction involving acquisition of phantom stock units. |
| 06/24/2024 | Date of Form 4 filing. |
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