Form 4: Verizon Executive Reports Phantom Stock Acquisition
SEC Form 4 Filing
Mary-Lee Stillwell, SVP and Controller at Verizon, reports acquisition of phantom stock units through a deferred compensation plan.
Summary
- Mary-Lee Stillwell, a Senior Vice President and Controller at Verizon Communications Inc., filed a Form 4 with the SEC.
- The form reports a transaction involving phantom stock units acquired on July 3, 2024.
- Stillwell acquired 40.321 units of phantom stock through a deferred compensation plan.
- Each phantom stock unit is economically equivalent to a share of Verizon common stock and is settled in cash.
- Following the reported transaction, Stillwell beneficially owns 7,582.964 units of phantom stock indirectly through the deferred compensation plan, including shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of phantom stock acquisition |
| 07/08/2024 | Date of Form 4 filing |
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