Form 4: Verizon Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Group CEO of Verizon Consumer, Sowmyanarayan Sampath, reports changes in beneficial ownership of Verizon Communications Inc. stock, including phantom stock units.
Summary
- On October 24, 2024, Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., reported changes in beneficial ownership.
- The report details the acquisition of 165.207 phantom stock units.
- Sampath directly owns 47 shares of common stock.
- He also indirectly owns 110,584.103 shares through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions. It's a standard practice for executives to hold and trade company stock, often as part of their compensation packages.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
- The filing provides transparency to the market regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of the transaction involving phantom stock acquisition. |
| 10/28/2024 | Date of the report filing. |
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