Form 4: Verizon Executive Stillwell Acquires Phantom Stock Units

Mary-Lee Stillwell, SVP and Controller at Verizon, reports acquisition of phantom stock units through a deferred compensation plan.

Summary

• Mary-Lee Stillwell, a Senior Vice President and Controller at Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transaction involved the acquisition of 39.407 phantom stock units on February 13, 2025, at a price of $11.71 per unit.
• Stillwell also holds 8,613.567 phantom stock units indirectly through a deferred compensation plan, which includes units acquired through dividend reinvestment.
• Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, reflecting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's continued investment in the company's performance through a deferred compensation plan.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Beneficial Ownership, Stillwell, Deferred Compensation