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

Mary-Lee Stillwell, Verizon's SVP and Controller, has acquired 46.699 units of phantom stock as part of her deferred compensation plan, increasing her total beneficial ownership to 11,949.149 units.

Summary

• Mary-Lee Stillwell, Senior Vice President and Controller of Verizon Communications Inc. (VZ), acquired 46.699 units of phantom stock.
• The transaction occurred on June 5, 2025, and was reported on June 9, 2025.
• The phantom stock units were acquired at a price of $12.35 per unit, as part of a deferred compensation plan.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• Following this transaction, Ms. Stillwell beneficially owns 11,949.149 units of phantom stock indirectly through the deferred compensation plan.
• The reported beneficial ownership includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects a routine compensation event for a key executive, aligning their interests with the company's performance through phantom stock ownership. It is not a significant market signal but indicates ongoing executive participation in compensation plans.

Positives

• The acquisition of phantom stock aligns management's interests with shareholders, as the value of the phantom stock is tied to the company's common stock performance.
• The transaction is part of a deferred compensation plan, indicating a structured and routine compensation benefit for a key executive.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details a routine executive compensation transaction and does not provide broader insights into industry trends or competitive landscape within the telecommunications sector.

Related Party Transactions

• The acquisition of phantom stock by a company officer (Mary-Lee Stillwell) through a deferred compensation plan is a transaction between the company and a related party (executive management).

Stakeholder Impact

• Shareholders: The transaction is a routine compensation disclosure and does not directly impact shareholder value in the short term, but it signifies continued alignment of executive incentives with company performance.
• Employees: No direct impact on general employees is indicated by this specific filing.

Key Dates

Keywords

Verizon Communications Inc., VZ, SEC Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Executive Compensation, Mary-Lee Stillwell, SVP and Controller