Form 4: Verizon Executive Vandana Venkatesh Reports Changes in Beneficial Ownership
SEC Filing
EVP Vandana Venkatesh reports acquisition of phantom stock units and adjustments to holdings in Verizon Communications Inc.
Summary
- Vandana Venkatesh, an Executive Vice President at Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of phantom stock units equivalent to 20 shares of common stock at a price of $11.94 per unit.
- Venkatesh also acquired 68.594 phantom stock units through a deferred compensation plan.
- Following the reported transactions, Venkatesh beneficially owns 36,316.394 phantom stock units through a deferred compensation plan, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Executive stock transactions are routinely monitored as indicators of management's confidence in the company's future performance. Phantom stock is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of earliest transaction (acquisition of phantom stock). |
| 10/28/2024 | Date of Form 4 filing. |
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