Form 4: Verizon Executive Stillwell Reports Phantom Stock Acquisition
SEC 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 March 13, 2025.
- Stillwell acquired 76.798 phantom stock units at a price of $12.47 each.
- These 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 filing also indicates that Stillwell indirectly owns 11,490.636 phantom stock units through a deferred compensation plan, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of phantom stock acquisition |
| 03/14/2025 | Date of Form 4 signature |
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