Form 4: Verizon Executive Kyle Malady Reports Phantom Stock Acquisition
SEC Form 4 Filing
EVP and Group CEO of Verizon Business, Kyle Malady, reports acquiring phantom stock units equivalent to 152.759 shares of common stock through a deferred compensation plan.
Summary
- On December 19, 2024, Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., acquired 152.759 units of phantom stock through a deferred compensation plan.
- Each unit of phantom stock is economically equivalent to a share of Verizon's common stock and will be settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.
- The price of the phantom stock was $11.41 per unit.
- Following the transaction, Malady beneficially owns 359,866.941 units of phantom stock, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Future Outlook
The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. Phantom stock is a common form of deferred compensation.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Date of phantom stock transaction |
| 12/20/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.