Form 4: Verizon Executive Stillwell Reports Phantom Stock Acquisition
SEC Form 4 Filing
Mary-Lee Stillwell, SVP and Controller at Verizon, reports acquiring 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 with the SEC.
- The form reports a transaction involving phantom stock units acquired on October 24, 2024.
- Stillwell acquired 39.611 phantom stock units at a price of $11.94 each.
- These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events.
- Following the reported transaction, Stillwell beneficially owns 8,020.582 derivative securities through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. 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 activity within Verizon's executive compensation structure.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of phantom stock acquisition |
| 10/28/2024 | Date of Form 4 filing |
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