Form 4: Verizon SVP and Controller Acquires Additional Phantom Stock Through Deferred Compensation Plan

Mary-Lee Stillwell, Senior Vice President and Controller of Verizon Communications Inc., acquired 48.509 units of phantom stock as part of her deferred compensation plan.

Summary

• Mary-Lee Stillwell, the Senior Vice President and Controller of Verizon Communications Inc. (VZ), acquired 48.509 units of phantom stock.
• The transaction took place on June 18, 2025.
• Each unit of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The acquisition was made at a price of $11.89 per unit.
• Following this transaction, Ms. Stillwell's total beneficial ownership of phantom stock increased to 11,997.658 units.
• The phantom stock is held indirectly through a deferred compensation plan and the total includes units acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: Slightly positive due to an insider increasing their beneficial ownership, indicating confidence. However, the small amount and routine nature of the transaction prevent a higher score.

Positives

• An insider, the SVP and Controller, increased her beneficial ownership in the company, which can be interpreted as a signal of confidence in Verizon's future performance.
• The acquisition was part of a deferred compensation plan, indicating a structured, long-term incentive for the executive.

Negatives

• The transaction involves phantom stock, which is cash-settled and does not represent direct equity ownership, meaning it does not confer voting rights or directly impact the outstanding share count.
• The amount of phantom stock acquired (48.509 units) is relatively small compared to the executive's total beneficial ownership.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing for a major telecommunications company, Verizon Communications Inc. (VZ). Such filings provide transparency regarding executive compensation and ownership, which is standard practice across the industry.

Comparison to Industry Standards

• This Form 4 details a standard acquisition of phantom stock through a deferred compensation plan, which is a common executive incentive structure in large corporations across various industries, including telecommunications.
• The filing does not provide specific comparable companies, projects, or results to assess against broader industry benchmarks.

Stakeholder Impact

• Shareholders: May view the insider acquisition as a minor positive signal of management's confidence in the company's future.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Verizon, VZ, SEC Form 4, insider transaction, phantom stock, deferred compensation, Mary-Lee Stillwell, corporate officer, stock acquisition