Verizon Comms SEC Filings

Verizon Communications (VZ) executive Vandana Venkatesh reported a deferred compensation transaction involving phantom stock units. On 11/20/2025, she acquired 109.08 phantom stock units at a price of $11.64 per unit under a deferred compensation plan.

After this transaction, she indirectly holds 47,762.466 phantom stock units through the Deferred Compensation Plan. Each phantom stock unit represents the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events the reporting person established under the plan. The holdings include phantom stock acquired through dividend reinvestment.

Verizon Communications Inc. (VZ)11/20/2025. She acquired 49.582 phantom stock (unitized) derivative securities at a price of $11.64 per unit through a deferred compensation plan, reported as an indirect holding.

Following this transaction, she beneficially owns 12,934.483 phantom stock units indirectly through the Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events the reporting person has established under the plan. The filing notes that these holdings include phantom stock acquired through dividend reinvestment.

Verizon Communications Inc. (VZ) executive vice president and CFO Anthony T. Skiadas reported an acquisition of phantom stock under a deferred compensation plan. On 11/20/2025, he acquired 148.746 phantom stock units at a derivative price of $11.64 per unit. Each phantom stock unit represents the economic equivalent of a portion of one share of Verizon common stock but is settled in cash rather than actual shares.

Following this transaction, Skiadas indirectly holds 130,982.894 phantom stock units through the deferred compensation plan. The filing notes that these units become payable upon events the reporting person has established under the plan and that the total includes phantom stock acquired through dividend reinvestment.

Verizon Communications Inc. (VZ) reported an insider equity-related transaction by an executive officer serving as EVP and Group CEO–VZ Consumer. On 11/20/2025, the officer acquired 168.579 units of phantom stock under a deferred compensation plan. After this transaction, the officer beneficially owned 134,119.382 units of phantom stock, held indirectly through the deferred compensation plan.

Each share of phantom stock is described as the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, rather than in actual shares. The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan, and the reported balance includes phantom stock acquired through dividend reinvestment.

Verizon Communications Inc. (VZ)11/20/2025, Russo acquired 94.205 units of phantom stock at a price of $11.64 per unit under the company’s deferred compensation plan.

After this transaction, Russo beneficially owned 69,030.66 units of phantom stock, held indirectly through the deferred compensation plan. Each phantom stock unit is economically tied to a portion of a share of Verizon common stock and is settled in cash, with payment timing based on elections made under the plan. The filing notes that the total includes phantom stock accumulated through dividend reinvestment.

Verizon Communications Inc. (VZ)11/20/2025, the executive acquired 148.746 phantom stock (unitized) derivative securities at a price of $11.64 per unit through the company’s deferred compensation plan. Following this transaction, the executive beneficially owned 396,206.207 phantom stock units, held indirectly via the deferred compensation plan.

Each share of phantom stock is described as the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, with payment timing tied to events the executive has established under the plan. These units track the value of the stock for compensation purposes but do not represent actual shares of common stock.

Verizon Communications Inc. (VZ) executive vice president and Chief HR Officer Samantha Hammock reported an acquisition of 84.289 phantom stock units on 11/20/2025 under a deferred compensation plan. After this transaction, she beneficially owns 29,098.676 phantom stock units, held indirectly through the company’s deferred compensation plan.

Each phantom stock unit is described as the economic equivalent of a portion of one share of Verizon common stock and is settled in cash rather than actual shares. The units become payable upon events that Ms. Hammock has established in line with the plan’s rules, and the total includes phantom stock accumulated through dividend reinvestment.

Verizon Communications Inc. reported an insider equity transaction by CEO and director Daniel H. Schulman on a Form 4. On 11/20/2025, he acquired 228.077 units of phantom stock at a price of $11.64 per unit under a deferred compensation plan. These derivative securities reference 65 shares of Verizon common stock and are settled in cash rather than stock.

Following this transaction, Schulman beneficially owns 824.474 phantom stock units indirectly through the Deferred Compensation Plan. Each phantom stock unit is described as the economic equivalent of a portion of one share of Verizon common stock, with payment timing tied to events established by Schulman under the plan.

Verizon Communications Inc. plans a major workforce reduction as part of its ongoing cost-cutting program. The company expects to record a severance charge of $1.6 billion to $1.8 billion in the fourth quarter of 2025 tied to these actions. Verizon plans to eliminate over 13,000 positions, with more than 80% of affected employees expected to leave the business in December 2025. The company also expects its broader cost reduction efforts to include a significant cut in outsourced, contracted and other outside labor expenses, signaling a wider restructuring of its labor base.