Form 4: Verizon Executive Stillwell Reports Phantom Stock Acquisition

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 on November 12, 2024, reporting a transaction involving phantom stock.
• The transaction occurred on November 7, 2024, and involved the acquisition of 40.875 units of phantom stock at a price of $11.57 per unit.
• Stillwell indirectly owns 8,190.796 shares of phantom stock through a deferred compensation plan, including shares acquired through dividend reinvestment.
• Each share of phantom stock is the economic equivalent of a portion of one share of 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: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. Phantom stock is a common form of deferred compensation.

Key Dates