Form 4: Verizon Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc, reports changes in beneficial ownership of company stock, including phantom stock units.
Summary
- Vandana Venkatesh, an executive at Verizon Communications Inc, filed a Form 4 with the SEC.
- The filing reports changes in her beneficial ownership of Verizon stock.
- The reported transactions involve phantom stock units and common stock.
- On October 10, 2024, she acquired phantom stock units.
- She indirectly owns 36,247.8 shares of common stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of transaction involving phantom stock acquisition. |
| 10/15/2024 | Date of signature on the Form 4 filing. |
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