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 March 27, 2025, Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., reported changes in beneficial ownership.
- The report includes the acquisition of phantom stock units and holdings through a deferred compensation plan.
- Sampath directly owns common stock and indirectly owns phantom stock through a deferred compensation plan.
- The reported transactions involve phantom stock settled in cash and acquired through dividend reinvestment.
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 filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of the earliest transaction reported. |
| 03/28/2025 | Date of signature for the report. |
Keywords
beneficial ownership, Form 4, Verizon, Sampath Sowmyanarayan, phantom stock, deferred compensation, VZ, executive compensation
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