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

• On April 10, 2025, Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., reported the acquisition of 47.105 units of phantom stock.
• These phantom stock units were acquired through a deferred compensation plan.
• Each unit of phantom stock is equivalent to a portion of one share of common stock and will be settled in cash upon events established by the reporting person.
• Stillwell also indirectly owns 11,582.727 shares of common stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an executive's stock activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock as a way to align executive incentives with shareholder value.
• Deferred compensation plans are a common tool used by large corporations like Verizon to attract and retain key personnel.
• The specifics of Verizon's deferred compensation plan and phantom stock arrangements would need to be compared to those of its peers (e.g., AT&T, T-Mobile) to assess its relative competitiveness.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation.
• It assures stakeholders that executives' interests are aligned with the company's performance through equity-based compensation.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Deferred Compensation, Insider Trading, Stillwell, VZ