Form 4: Verizon Executive Vandana Venkatesh Reports Acquisition of Phantom Stock
SEC Filing
EVP and Chief Legal Officer of Verizon, Vandana Venkatesh, reports the acquisition of phantom stock units and holdings in a deferred compensation plan.
Summary
- Vandana Venkatesh, EVP and Chief Legal Officer of Verizon Communications Inc., filed a Form 4 on April 15, 2024, reporting changes in beneficial ownership.
- The report details the acquisition of 71.443 units of phantom stock at a price of $11.47 on April 11, 2024.
- Venkatesh's holdings include phantom stock acquired through dividend reinvestment.
- Following the reported transaction, Venkatesh beneficially owns 34,197.658 units of phantom stock through a 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 corporate insiders to report transactions in their company's securities, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of transaction: Acquisition of phantom stock. |
| 04/15/2024 | Date of Form 4 filing. |
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