Form 4: Verizon Executive Reports Phantom Stock Acquisition
SEC Filing
Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc., reports acquisition of phantom stock units.
Summary
- Vandana Venkatesh, an executive at Verizon Communications Inc., filed a Form 4 with the SEC.
- The filing reports a transaction involving phantom stock units.
- On February 13, 2025, Venkatesh acquired 68.963 phantom stock units at a price of $11.71 each.
- Following the transaction, Venkatesh beneficially owns 38,094.976 derivative securities through a deferred compensation plan.
- The phantom stock is the economic equivalent of Verizon common stock and is settled in cash upon certain events.
- The filing also includes a Power of Attorney, authorizing certain individuals to file reports on Venkatesh's behalf regarding transactions in Verizon's equity securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Phantom stock is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of Power of Attorney |
| 02/13/2025 | Date of phantom stock transaction |
| 02/14/2025 | Date of Form 4 filing |
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