Form 4: Verizon Executive Sowmyanarayan Sampath Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Group CEO of Verizon Consumer, Sowmyanarayan Sampath, reports acquisition of phantom stock units and adjustments to beneficial ownership.
Summary
- On February 27, 2025, Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer at Verizon Communications Inc., reported changes in beneficial ownership.
- Sampath acquired 9,170.476 units of phantom stock, each equivalent to a share of common stock, settled in cash.
- The transaction also reflects adjustments due to dividend reinvestment in the deferred compensation plan.
- Following the reported transaction, Sampath beneficially owns 124,815.741 shares of common stock indirectly through a deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates changes in Sampath's holdings, which are typical for executives with deferred compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of the transaction involving phantom stock acquisition. |
| 02/28/2025 | Date of signature by Attorney-in-fact for Sowmyanarayan Sampath. |
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