Verizon (VZ) Form 4: 168 phantom stock units reported by EVP

Verizon Communications Inc. (VZ) reported an insider equity-related transaction by an executive officer serving as EVP and Group CEO–VZ Consumer.

Rhea-AI Filing Summary

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.

Insider Trade Summary

Grant/Award: 168.579 shares

Grant/Award 1 txn

Insider Sampath Sowmyanarayan

Role EVP and Group CEO-VZ Consumer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	168.579	$11.64	$2K

Holdings After Transaction: Phantom Stock (unitized) — 134,119.382 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. F1. 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.
2. F2. Includes phantom stock acquired through dividend reinvestment.

FAQ

What insider transaction did Verizon (VZ) report in this Form 4?

The filing reports that a Verizon executive officer acquired 168.579 units of phantom stock on 11/20/2025 under a deferred compensation plan.

How many phantom stock units does the Verizon officer own after the transaction?

Following the reported transaction, the officer beneficially owned 134,119.382 units of phantom stock, held indirectly through a deferred compensation plan.

What is phantom stock in the context of Verizon (VZ)?

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 actual shares.

When do the Verizon phantom stock units become payable?

The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Does the reported Verizon phantom stock include dividend reinvestment?

Yes. The explanation states that the reported amount includes phantom stock acquired through dividend reinvestment.

How is the Verizon phantom stock held by the reporting person?

The phantom stock is reported as held indirectly, with the nature of ownership shown as by Deferred Compensation Plan.

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Accepted by SEC EDGAR 11/21/2025 - 04:04 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sampath Sowmyanarayan

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Group CEO-VZ Consumer

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock (unitized)	(1)	11/20/2025		A		168.579		(1)	(1)	Common Stock	48	$11.64	134,119.382(2)	I	By Deferred Compensation Plan

Explanation of Responses:

1. 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.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Sowmyanarayan Sampath	11/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.