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 160.56 shares of common stock through a deferred compensation plan.

Summary

• On April 24, 2025, Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., reported a transaction involving phantom stock.
• Sampath acquired 160.56 units of phantom stock at a price of $12.22 each.
• These phantom stock units are the economic equivalent of common stock shares and are settled in cash upon certain events as per the deferred compensation plan.
• Following the reported transaction, Sampath beneficially owns 125,446.709 units of phantom stock through a deferred compensation plan, including acquisitions through dividend reinvestment.

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 future prospects.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. Phantom stock is a common tool used to align executive incentives with shareholder value.

Key Dates

Keywords

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