Form 4: Verizon SVP and Controller, Stillwell Mary-Lee, Reports Acquisition of Phantom Stock
SEC Filing
Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., reported the acquisition of phantom stock units and holdings in a deferred compensation plan.
Summary
- On August 29, 2024, Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., reported a transaction involving phantom stock.
- Stillwell acquired 40.191 units of phantom stock at a price of $11.77 each.
- 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's holdings include 7,867.368 units of phantom stock held indirectly through a deferred compensation plan, including those 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 |
|---|---|
| 08/29/2024 | Date of phantom stock acquisition |
| 09/03/2024 | Date of Form 4 filing |
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