Form 4: Verizon Executive Vandana Venkatesh Reports Changes in Beneficial Ownership
SEC Filing
Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc, reports acquisition of phantom stock units and adjustments to holdings in a recent SEC filing.
Summary
- Vandana Venkatesh, an executive at Verizon Communications Inc, filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Verizon securities.
- The transaction date is November 7, 2024.
- Venkatesh acquired 70.782 units of phantom stock at a price of $11.57 per unit.
- Venkatesh's total holdings include 36,976.377 shares of common stock held indirectly through a deferred compensation plan, including 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 standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Date of transaction involving phantom stock acquisition. |
| 11/12/2024 | Date of signature on the Form 4 filing. |
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