Form 4: Verizon SVP Acquires Phantom Stock in Routine Filing

Verizon's SVP and Controller, Mary-Lee Stillwell, acquired 49.495 units of phantom stock through a deferred compensation plan.

Summary

• Mary-Lee Stillwell, Senior Vice President and Controller of Verizon Communications Inc. (VZ), acquired 49.495 units of phantom stock.
• The transaction occurred on October 9, 2025, and was reported in a Form 4 filing.
• Each phantom stock unit was acquired at a price of $11.66.
• The phantom stock units are held indirectly through a deferred compensation plan.
• Following this transaction, Mary-Lee Stillwell beneficially owns a total of 12,563.848 phantom stock units.
• The acquisition includes phantom stock obtained through dividend reinvestment.
• Phantom stock units are the economic equivalent of a portion of one share of common stock and are settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 6

Explanation: The filing reports a routine insider acquisition of phantom stock, which is a neutral to slightly positive event as it indicates continued executive participation in equity-linked compensation, but it does not provide significant new information about the company's financial health or strategic direction.

Positives

• Continued participation by a senior executive in the company's equity-linked compensation plan, indicating alignment of interests with shareholders.
• Acquisition through dividend reinvestment suggests a routine, non-discretionary increase in holdings, reflecting ongoing executive participation.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance, focusing solely on an insider's equity transaction.

Industry Context

This routine insider transaction filing for Verizon Communications Inc. is specific to executive compensation and does not provide broader insights into industry trends or the competitive landscape.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive interests with shareholder value through equity-linked compensation, which can be viewed positively.

Key Dates

Keywords

Verizon, VZ, Mary-Lee Stillwell, Phantom Stock, Insider Transaction, Deferred Compensation, Executive Compensation, SEC Form 4