Form 4: Verizon Executive Vandana Venkatesh Reports Phantom Stock Transaction
SEC Filing
EVP Vandana Venkatesh reports acquisition of phantom stock units through Verizon's deferred compensation plan.
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 through the company's deferred compensation plan on July 3, 2024.
- Venkatesh acquired 20 phantom stock units at a price of $11.73, resulting in a total of 35,201.116 phantom stock units held indirectly through the deferred compensation plan.
- Each phantom stock unit is economically equivalent to a portion of one share of common stock and is settled in cash upon events established by the reporting person in accordance with the 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 reporting transactions by company insiders, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of phantom stock transaction |
| 07/08/2024 | Date of Form 4 filing |
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