Form 4: Verizon Executive Stillwell Reports Phantom Stock Acquisition

Mary-Lee Stillwell, SVP and Controller at Verizon, reports acquiring phantom stock units equivalent to 13 shares of common stock through a deferred compensation plan.

Summary

• Mary-Lee Stillwell, a Senior Vice President and Controller at Verizon Communications Inc., filed a Form 4 on May 9, 2025, reporting a transaction that occurred on May 8, 2025.
• The transaction involved the acquisition of 46.369 units of phantom stock, which are economically equivalent to shares of Verizon's common stock.
• These phantom stock units were acquired through a deferred compensation plan at a price of $12.44 per unit.
• Following the reported transaction, Stillwell beneficially owns 11,855.569 units of phantom stock indirectly through the deferred compensation plan, including phantom stock acquired through dividend reinvestment.
• The phantom stock is settled in cash and becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Deferred Compensation, Beneficial Ownership, Stillwell, VZ