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 Communications Inc., reported the acquisition of phantom stock units on April 24, 2025.
Summary
- On April 24, 2025, Joseph J. Russo, an Executive Vice President at Verizon Communications Inc., reported acquiring phantom stock units.
- The transaction involved the acquisition of 89.724 phantom stock units at a price of $12.22 per unit.
- Following the transaction, Russo beneficially owns 64,462.374 shares of common stock, including phantom stock acquired through dividend reinvestment, held indirectly through a deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock by a key executive may signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of transaction: Acquisition of phantom stock units. |
| 04/25/2025 | Date of report filing. |
Keywords
Form 4, Verizon, Phantom Stock, Executive Compensation, Beneficial Ownership, Russo, VZ
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.