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 and holding a significant amount of common stock and phantom stock.

Summary

• On May 8, 2025, Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., reported a transaction involving phantom stock.
• Sampath acquired 157.656 units of phantom stock at a price of $12.44 per unit.
• Following the transaction, Sampath beneficially owns 127,548.682 shares of common stock indirectly through a deferred compensation plan, which includes phantom stock acquired 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 prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among executives of publicly traded companies like Verizon. These filings are monitored to ensure compliance with securities regulations and to provide transparency to investors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and indirect ownership.
• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Insider Trading, Beneficial Ownership, SEC Filing, VZ, Sampath Sowmyanarayan