Form 4: Verizon Executive Stillwell Acquires Phantom Stock Units

Mary-Lee Stillwell, SVP and Controller at Verizon, reports acquisition of phantom stock units convertible to cash based on Verizon's common stock value.

Summary

• On February 27, 2025, Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., acquired 2,800.271 units of phantom stock.
• These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
• The price of the phantom stock was $12.34 per unit.
• Following the transaction, Stillwell beneficially owns 11,413.838 units of phantom stock through a deferred compensation plan, including shares acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Future Outlook

The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like Mary-Lee Stillwell, transact in their company's securities. This provides transparency to the market regarding the actions of company leadership.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units settled in cash and does not directly affect the company's operations or financial position.

Key Dates