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 and holdings in deferred compensation plan.
Summary
- On June 6, 2024, Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., acquired phantom stock units equivalent to 40.119 shares of common stock.
- The transaction was part of a deferred compensation plan.
- The price of the derivative security was $11.79.
- Following the transaction, Stillwell beneficially owns 7,501.445 shares of phantom stock through the deferred compensation plan, including shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard executive compensation practices.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates participation in a deferred compensation plan, a common practice among executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units within a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Mary-Lee Stillwell acquired phantom stock units. |
| 06/10/2024 | Date of report filing. |
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