Form 4: Verizon SVP and Controller Acquires Phantom Stock Units
SEC Form 4 Filing
Mary-Lee Stillwell, SVP and Controller at Verizon, acquired 40,226 phantom stock units through a deferred compensation plan.
Summary
- Mary-Lee Stillwell, a Senior Vice President and Controller at Verizon Communications Inc., acquired 40,226 units of phantom stock on January 2, 2025.
- The phantom stock was acquired through a deferred compensation plan.
- Each unit of phantom stock is equivalent to a portion of one share of common stock and will be settled in cash.
- The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
- The transaction also includes phantom stock acquired through dividend reinvestment, bringing the total to 8,350.514 units held indirectly.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to executive compensation. It is neither particularly positive nor negative, but rather a standard practice.
Positives
- The acquisition of phantom stock by a high-ranking executive may indicate confidence in the company's future performance.
Future Outlook
The phantom stock will be settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages often include phantom stock or similar instruments to align executive interests with shareholder value.
- The use of deferred compensation plans is a common practice among large corporations like Verizon.
- The specific terms of the plan and the vesting schedule are not detailed in this document, but are likely consistent with industry norms.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it is part of executive compensation and does not involve the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the phantom stock acquisition. |
| 01/06/2025 | Date the form was signed. |
Keywords
phantom stock, deferred compensation, insider trading, Verizon, executive compensation, SEC Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.