February 15, 2024 · Form 4 insider transaction
Sampath Sowmyanarayan bought 140.4 shares of Verizon Communications Inc. at $11.59 per share, a transaction worth $1.6K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.
Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.; Includes phantom stock acquired through dividend reinvestment.