Form 4: Verizon SVP and Controller, Mary-Lee Stillwell, Reports Stock Transactions
SEC Form 4 Filing
Mary-Lee Stillwell, SVP and Controller at Verizon Communications Inc., reports the vesting of performance stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 12, 2025, Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., reported transactions involving Verizon's common stock.
- 3,279 Performance Stock Units (PSUs) vested, each representing the right to receive one share of common stock.
- Following the vesting, 1,050 shares were disposed of at a price of $40.53 to satisfy tax obligations.
- After these transactions, Stillwell directly owns 18,668 shares of Verizon common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding Verizon's future performance.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of Power of Attorney document |
| 02/12/2025 | Date of stock transactions (PSU vesting and share disposition) |
| 02/14/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Verizon, Stock Options, Mary-Lee Stillwell, Performance Stock Units, Beneficial Ownership, Section 16
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