Form 4: Verizon SVP and Controller Reports Acquisition of Phantom Stock
SEC Filing
Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., reports the acquisition of phantom stock units through a deferred compensation plan.
Summary
- Mary-Lee Stillwell, a Senior Vice President and Controller at Verizon Communications Inc., filed a Form 4 on March 28, 2025.
- The form reports a transaction on March 27, 2025, where Stillwell acquired 44.986 units of phantom stock at a price of $12.82 per unit.
- These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events as per the deferred compensation plan.
- Stillwell indirectly owns 11,535.622 shares of phantom stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of transaction: Acquisition of phantom stock. |
| 03/28/2025 | Date of Form 4 filing. |
Keywords
Form 4, Verizon, Phantom Stock, Stillwell, Deferred Compensation, Insider Trading
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