Form 4: Verizon Executive Russo Exercises Performance Stock Units and Disposes of Shares
SEC Form 4 Filing
Joseph J. Russo, EVP & President of Global Networks & Technology at Verizon Communications Inc., exercised performance stock units and disposed of shares on February 12, 2025.
Summary
- On February 12, 2025, Joseph J. Russo, an executive at Verizon Communications Inc., exercised 8,514 performance stock units (PSUs), each representing the right to receive one share of common stock.
- Following the exercise, Russo disposed of 2,993 shares of common stock at a price of $40.53 per share.
- After these transactions, Russo directly owns 32,510 shares of Verizon common stock and indirectly owns 5,805 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard insider transaction with no explicit positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of Power of Attorney |
| 02/12/2025 | Date of transaction: exercise of performance stock units and disposal of shares |
| 02/14/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Verizon, Stock Options, Insider Trading, Executive Compensation, VZ, Russo, Performance Stock Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.