Form 4: Verizon Executive Kyle Malady Reports Phantom Stock Acquisition
SEC Form 4 Filing
EVP and Group CEO of Verizon Business, Kyle Malady, reports acquisition of phantom stock units through a deferred compensation plan.
Summary
- On August 1, 2024, Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., reported the acquisition of 149.451 units of phantom stock.
- These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
- Following the reported transaction, Malady beneficially owns 352,659.185 shares of common stock, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of executive stock transactions.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of phantom stock acquisition |
| 08/05/2024 | Date of report filing |
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