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

EVP and Group CEO of Verizon Consumer, Sowmyanarayan Sampath, reports acquiring phantom stock units equivalent to 157.297 shares of common stock through a deferred compensation plan.

Summary

• On March 13, 2025, Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., acquired 157.297 units of phantom stock.
• These phantom stock units are economically equivalent to shares of Verizon's common stock and will be settled in cash upon certain events as per the deferred compensation plan.
• The price of each phantom stock unit was $12.47.
• Following this transaction, Sampath indirectly owns 124,973.038 shares of phantom stock through a deferred compensation plan, including shares acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock ownership.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• Shareholders may be interested in tracking executive compensation and ownership as it can align management's interests with theirs.

Key Dates