Form 4: Verizon Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Mary-Lee Stillwell, SVP and Controller at Verizon, reports the acquisition of phantom stock units under the company's deferred compensation plan.
Summary
- Mary-Lee Stillwell, a Senior Vice President and Controller at Verizon Communications Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on April 24, 2025.
- Stillwell acquired 47.223 units of phantom stock, which are the economic equivalent of Verizon common stock.
- The price of the phantom stock was $12.22 per unit.
- Following the transaction, Stillwell beneficially owns 11,629.95 units of phantom stock through a deferred compensation plan, including shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units and is part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of transaction: Acquisition of phantom stock units. |
| 04/25/2025 | Date of filing: Form 4 filing date. |
Keywords
Form 4, Verizon, Phantom Stock, SEC Filing, Beneficial Ownership, Stillwell, Deferred Compensation
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.