Form 4: Verizon Executive Vandana Venkatesh Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc, reported the acquisition of phantom stock units and holdings in 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 5,359.571 phantom stock units on February 27, 2025, at a price of $12.34 per unit.
- These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
- Venkatesh also holds 43,454.547 shares of common stock indirectly through a deferred compensation plan, including shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative 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 |
|---|---|
| 02/27/2025 | Date of transaction: Acquisition of phantom stock units. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
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