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

Verizon's SVP and Controller, Mary-Lee Stillwell, acquired 47.278 units of phantom stock valued at $12.2 per unit, increasing her indirect holdings through a deferred compensation plan.

Summary

• Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc. (VZ), acquired 47.278 units of phantom stock.
• The transaction occurred on July 31, 2025, and was reported on August 1, 2025.
• Each unit of phantom stock was valued at $12.2, making the total value of the acquired units approximately $576.89.
• The phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The acquisition was made indirectly through a deferred compensation plan and includes phantom stock acquired through dividend reinvestment.
• Following this transaction, Mary-Lee Stillwell beneficially owns a total of 12,140.674 units of phantom stock indirectly through the deferred compensation plan.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by a senior officer, while small in value, indicates continued alignment with the company's performance and is part of a routine deferred compensation plan, which is generally viewed as a neutral to slightly positive signal.

Positives

• The acquisition of phantom stock by a senior executive indicates continued alignment of management interests with the company's performance.
• The transaction is part of a deferred compensation plan, suggesting a structured and long-term commitment by the executive.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report specific to an individual executive's compensation and does not provide broader insights into industry trends or competitive landscape.

Related Party Transactions

• Acquisition of phantom stock by SVP and Controller Mary-Lee Stillwell from Verizon Communications Inc. as part of a deferred compensation plan.

Stakeholder Impact

• Minor positive impact on shareholders due to increased alignment of executive interests with company performance, though the transaction value is small.

Key Dates

Recommendation

This Form 4 filing details a small, routine acquisition of phantom stock by a senior executive as part of a deferred compensation plan. While it indicates continued executive alignment, the transaction's size is not significant enough to warrant a change in investment thesis or a strong buy/sell recommendation. It's a standard compensation-related event rather than a discretionary investment decision.

Keywords

Verizon, VZ, Form 4, insider transaction, phantom stock, executive compensation, deferred compensation, Mary-Lee Stillwell