Form 4: Verizon Executive Reports Acquisition of Phantom Stock Units

Joseph J. Russo, EVP & President of Global Networks & Technology at Verizon Communications Inc., reported the acquisition of phantom stock units equivalent to 89.5 shares of common stock through a deferred compensation plan.

Summary

• On April 10, 2025, Joseph J. Russo, an executive at Verizon Communications Inc., reported acquiring phantom stock units.
• The acquisition was made through a deferred compensation plan.
• The acquired phantom stock units are equivalent to 89.5 shares of Verizon's common stock.
• The price of the derivative security was $12.25.
• Following the transaction, Russo beneficially owns 64,372.65 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 neutral regulatory filing. It doesn't inherently convey positive or negative 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 transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in beneficial ownership of company stock.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Executive Compensation, VZ, Russo, Deferred Compensation Plan