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
- Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc., filed a Form 4.
- The filing reports a transaction on March 27, 2025, involving phantom stock units.
- Malady acquired 134.958 phantom stock units at a price of $12.82 each.
- These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash.
- Following the reported transaction, Malady beneficially owns 375,209.442 phantom stock units through a deferred compensation plan, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
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 |
|---|---|
| 03/27/2025 | Date of phantom stock transaction |
| 03/28/2025 | Date of Form 4 filing |
Keywords
Form 4, Verizon, Phantom Stock, Executive Compensation, VZ, Malady, Deferred Compensation
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