Form 4: Verizon Executive Sowmyanarayan Sampath Reports Acquisition of Phantom Stock

EVP and Group CEO of Verizon Consumer, Sowmyanarayan Sampath, reports acquiring phantom stock units equivalent to 160.158 shares of common stock through a deferred compensation plan.

Summary

• On April 10, 2025, Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., reported a transaction involving phantom stock.
• Sampath acquired 160.158 units of phantom stock through a deferred compensation plan.
• Each phantom stock unit is economically equivalent to one share of Verizon's common stock and will be settled in cash upon certain events.
• The price of the phantom stock was $12.25 per unit.
• Following the reported transaction, Sampath beneficially owns 125,286.149 derivative securities, including phantom stock acquired through dividend reinvestment, held indirectly through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Future Outlook

The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This filing is a routine disclosure of executive compensation and beneficial ownership, common among publicly traded companies like Verizon. It provides transparency into the alignment of executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar equity-based awards to incentivize performance and retention.
• Companies like AT&T and T-Mobile also utilize similar compensation strategies for their executives.
• The specific terms and conditions of these awards vary depending on the company's compensation philosophy and performance goals.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.
• It demonstrates alignment of executive interests with shareholder value through equity-based compensation.

Key Dates

Keywords

Form 4, Verizon, Sampath Sowmyanarayan, Phantom Stock, Deferred Compensation, Executive Compensation, Beneficial Ownership