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
- On May 23, 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, each equivalent to a portion of one share of common stock and settled in cash.
- Malady acquired 154.828 phantom stock units at a price of $11.25.
- Following the reported transaction, Malady beneficially owns 346,300.382 phantom stock units through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of the reported transaction involving phantom stock units. |
| 05/28/2024 | Date of signature by Attorney-in-fact for Kyle Malady. |
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