Form 4: Verizon Executive Stillwell Reports Phantom Stock Acquisition
SEC Filing
Mary-Lee Stillwell, SVP and Controller at Verizon, reports acquisition of phantom stock units and holdings in deferred compensation plan.
Summary
- Mary-Lee Stillwell, a Senior Vice President and Controller at Verizon Communications Inc., filed a Form 4 on September 16, 2024, reporting changes in beneficial ownership.
- The report details the acquisition of 37.815 units of phantom stock at a price of $12.51 each on September 12, 2024.
- Stillwell also holds 7,905.183 shares of common stock indirectly through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of phantom stock acquisition. |
| 09/16/2024 | Date of Form 4 filing. |
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