Stillwell Mary-Lee 4
Research Summary
AI-generated summary
Verizon (VZ) SVP Mary‑Lee Stillwell Receives Award; 2,187 Shares Withheld
What Happened
- Mary‑Lee Stillwell, Senior Vice President & Controller at Verizon (VZ), had 7,343 shares of common stock issued on Feb 11, 2026 upon the vesting of Performance Stock Units (PSUs). As part of the vesting, 2,187 shares were withheld to satisfy tax withholding obligations at a withholding price of $48.97 per share, producing proceeds of $107,097 (disposition code F). The award/issuance is reported as acquisition code A (no purchase price applicable).
Key Details
- Transaction date: 2026-02-11.
- Award: 7,343 shares issued upon PSU vesting (code A); acquisition price: N/A.
- Tax withholding/disposition: 2,187 shares withheld at $48.97 (code F); proceeds $107,097.
- Footnote: These shares were issued upon the vesting of outstanding Performance Stock Units that were subject to performance criteria other than the issuer's stock price.
- Shares owned after the transaction: not specified in the provided filing.
- Timeliness: Filing dated 2026-02-13 for a 2026-02-11 transaction — no late filing flag noted.
Context
- This was an issuance from compensation (PSU vesting), not an open‑market purchase or voluntary sale. Withholding shares to cover taxes is a routine administrative step (reduces net shares delivered to the insider) and does not by itself indicate a buy or sell signal. Purchases by insiders tend to be more informative for investor sentiment than routine award vesting.