Form 4: Verizon Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Joseph J. Russo, EVP & President of Global Networks & Technology at Verizon, reports the acquisition of phantom stock units and holdings in common stock through a deferred compensation plan.
Summary
- Joseph J. Russo, an executive at Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 78.815 units of phantom stock at a price of $11.71 on February 13, 2025.
- Russo also holds 52,710.712 shares of common stock indirectly 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.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the executive's holdings of company stock and derivative securities.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of transaction: Acquisition of phantom stock units. |
| 02/14/2025 | Date of filing: Form 4 filing date. |
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