Form 4: Verizon Executive Russo Reports Acquisition of Phantom Stock Units

Joseph J. Russo, EVP & President of Global Networks & Technology at Verizon, reported the acquisition of phantom stock units equivalent to 25 shares of common stock at $12.44 per share on May 8, 2025.

Summary

• On May 8, 2025, Joseph J. Russo, an Executive Vice President at Verizon Communications Inc., reported acquiring phantom stock units.
• The transaction involved the acquisition of units equivalent to 25 shares of common stock at a price of $12.44 per share.
• Russo now beneficially owns 65,549.364 derivative securities, including phantom stock acquired through dividend reinvestment.
• The phantom stock is held indirectly through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among executives of publicly traded companies like Verizon. These transactions are subject to regulatory scrutiny to prevent insider trading and ensure transparency.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders, as it involves phantom stock units and is part of executive compensation.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Insider Trading, Executive Compensation, VZ, Russo, Beneficial Ownership