Form 4: Verizon Executive Kyle Malady Reports Changes in Beneficial Ownership

EVP and Group CEO of Verizon Business, Kyle Malady, reports changes in beneficial ownership of Verizon Communications Inc. securities, including phantom stock units acquired through a deferred compensation plan.

Summary

• On March 28, 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 acquired through a deferred compensation plan.
• Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• Malady's indirect ownership includes phantom stock acquired through dividend reinvestment.
• Following the reported transaction, Malady indirectly owns 339,959.279 shares of common stock through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding changes in beneficial ownership, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Verizon. It provides transparency into the holdings of key executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates