Verizon (VZ) EVP Sampath reports 166.553 phantom stock units, 134,285.935 total
Rhea-AI Filing Summary
Verizon Communications Inc. executive Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer, reported a Form 4 insider transaction involving phantom stock under a deferred compensation plan. On 12/04/2025, the reporting person acquired 166.553 phantom stock (unitized) derivative securities at a price of $11.78, linked to 48 shares of common stock. After this transaction, the reporting person beneficially owned 134,285.935 phantom stock units, held indirectly through a deferred compensation plan. Each share of phantom stock is described as the economic equivalent of a portion of one share of common stock, is settled in cash, and becomes payable upon events established by the reporting person in line with the deferred compensation plan. The holdings include phantom stock acquired through dividend reinvestment.
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FAQ
What insider transaction did Verizon (VZ) report in this Form 4?
The filing reports that Sowmyanarayan Sampath, EVP and Group CEO-VZ Consumer of Verizon Communications Inc., acquired 166.553 phantom stock (unitized) derivative securities on 12/04/2025 under a deferred compensation plan.
How many phantom stock units does the Verizon (VZ) executive now beneficially own?
Following the reported transaction, the executive beneficially owns 134,285.935 phantom stock units, held indirectly through a deferred compensation plan.
What is the economic nature of the phantom stock reported by Verizon (VZ)?
Each share of phantom stock is described as the economic equivalent of a portion of one share of common stock and is settled in cash rather than in actual shares.
When do the Verizon (VZ) phantom stock units become payable?
The phantom stock units become payable upon events established by the reporting person in accordance with the company’s deferred compensation plan.
Does the Verizon (VZ) phantom stock balance include dividend reinvestment?
Yes. The filing notes that the reported total includes phantom stock acquired through dividend reinvestment.
How is the Verizon (VZ) phantom stock position held by the executive classified?
The 134,285.935 phantom stock units are reported as being held indirectly, with the nature of ownership listed as By Deferred Compensation Plan.