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 1, 2024, reporting changes in beneficial ownership.
- The report details the acquisition of phantom stock units on March 28, 2024, with a transaction price of $11.98.
- Venkatesh acquired 68.402 phantom stock units through a deferred compensation plan.
- Following the reported transaction, Venkatesh beneficially owns 34,126.215 phantom stock units through the deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of phantom stock acquisition |
| 04/01/2024 | Date of Form 4 filing |
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