Form 4: Verizon Executive Vandana Venkatesh Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc, reports acquiring phantom stock and holding common stock through a deferred compensation plan.
Summary
- Vandana Venkatesh, an executive at Verizon Communications Inc, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of phantom stock (unitized) on September 26, 2024, with 64.377 shares acquired at a price of $12.73 per share.
- Venkatesh also holds 36,180.935 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, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates ongoing participation in deferred compensation plans.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of phantom stock acquisition |
| 09/30/2024 | Date of Form 4 filing |
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