Verizon director granted 5,062 phantom stock units
Bertolini Mark T reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Bertolini Mark T reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications Inc. director Mark T. Bertolini received a grant of 5,062 phantom stock units tied to Verizon common stock. Each phantom stock unit is the economic equivalent of one share of common stock but will be settled in cash rather than actual shares.
The phantom stock is held indirectly through a deferred compensation plan and becomes payable after Bertolini’s service as a director ends. Following this award and related dividend reinvestment, his deferred phantom stock balance stands at 66,759 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,062 shares
Grant/Award
1 txn
Insider
Bertolini Mark T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,062 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 66,759 contracts (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock become payable following the reporting person's termination of service as a director.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock granted: 5,062 units
Phantom stock after transaction: 66,759 units
Transaction price per unit: $0.0000 per unit
+1 more
4 metrics
Phantom stock granted
5,062 units
Grant/award acquisition on 2026-04-01
Phantom stock after transaction
66,759 units
Total phantom stock balance following transaction
Transaction price per unit
$0.0000 per unit
Compensation grant, no purchase price paid
Underlying security
5,062 shares common stock equivalent
Each phantom stock unit equals one common share economically
Key Terms
Phantom Stock, Deferred Compensation Plan, economic equivalent, settled in cash
4 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan financial
"nature_of_ownership: By Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
settled in cash financial
"Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash"
FAQ
What did Verizon (VZ) director Mark T. Bertolini report in this Form 4?
Mark T. Bertolini reported receiving 5,062 phantom stock units linked to Verizon common stock. These units are part of a deferred compensation arrangement, increasing his total phantom stock holdings to 66,759 units, and are payable in cash after his board service ends.
What is the nature of the phantom stock awarded to the Verizon (VZ) director?
The phantom stock is an economic equivalent of Verizon common shares but is settled in cash. It tracks the value of the stock, giving similar financial exposure without issuing actual shares, and is structured within a deferred compensation plan for the director.
How many phantom stock units does Mark T. Bertolini hold after this Verizon (VZ) transaction?
After this grant, Mark T. Bertolini’s deferred phantom stock balance totals 66,759 units. This figure includes the newly awarded 5,062 units and additional phantom stock accumulated through dividend reinvestment within the deferred compensation plan.
When will the Verizon (VZ) phantom stock granted to the director be paid out?
The phantom stock units become payable after Mark T. Bertolini’s termination of service as a director. At that time, Verizon will settle the phantom stock position in cash, based on the economic value linked to the company’s common stock.
Is this Verizon (VZ) Form 4 transaction a market purchase or sale of common stock?
No, this filing reports a grant of phantom stock units, not an open-market trade in Verizon common shares. The award is a compensation-related acquisition within a deferred compensation plan and will be settled in cash rather than through share purchases or sales.
How is the Verizon (VZ) phantom stock held by Mark T. Bertolini classified in the filing?
The phantom stock is reported as indirectly owned, held "By Deferred Compensation Plan." This indicates the position is maintained within a plan vehicle on the director’s behalf rather than as directly owned Verizon common stock in a brokerage account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
