Form 4: Verizon SVP and Controller, Mary-Lee Stillwell, Reports Stock Transactions

Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., reports the vesting and subsequent disposal of restricted stock units, along with associated tax withholding.

Summary

• On March 1, 2025, Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., engaged in transactions involving Verizon's common stock.
• These transactions included the vesting of restricted stock units (RSUs) from the 2022, 2023, and 2024 awards, and the subsequent disposal of shares to cover tax obligations.
• Specifically, 1,457 RSUs from the 2022 award vested, resulting in the acquisition of 1,457 shares, with 415 shares then disposed of at a price of $43.1 to cover taxes.
• Additionally, 8,864 RSUs from the 2023 award vested, resulting in the acquisition of 8,864 shares, with 2,908 shares then disposed of at a price of $43.1 to cover taxes.
• Furthermore, 9,300 RSUs from the 2024 award vested, resulting in the acquisition of 9,300 shares, with 4,039 shares then disposed of at a price of $43.1 to cover taxes.
• Following these transactions, Stillwell directly owns 30,927 shares of Verizon common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders, which is important for maintaining investor confidence.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like AT&T and T-Mobile when they engage in transactions involving their company's stock.
• The vesting schedules and tax withholding practices described are typical for RSU grants in the telecommunications industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine stock transactions by an executive.
• The disclosure provides transparency to shareholders regarding insider trading activity, which can influence investor confidence.

Key Dates