Verizon (VZ) CEO Daniel Schulman adds phantom stock in deferred plan

Rhea-AI Filing Summary

Verizon Communications Inc. CEO and director Daniel H. Schulman reported an acquisition of phantom stock units through a deferred compensation plan. On 02/12/2026, an indirect award of 188.658 unitized phantom stock positions was credited at $14.11 per unit, bringing his indirect holdings in this plan to 2,191.561 units.

Each phantom stock unit represents the economic value of a portion of one share of Verizon common stock but is settled in cash rather than shares. These units become payable upon events Schulman has established under the deferred compensation plan, and the balance includes amounts accumulated through dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SCHULMAN DANIEL H

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	188.658	$14.11	$3K

Holdings After Transaction: Phantom Stock (unitized) — 2,191.561 shares (Indirect, By Deferred Compensation Plan)

Footnotes (1)

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. Includes phantom stock acquired through dividend reinvestment.

Form 4 Insider Transactions: What Each Field Means →

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^*

SCHULMAN DANIEL H

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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)	02/12/2026		A		188.658		(1)	(1)	Common Stock	54	$14.11	2,191.561(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 Daniel H. Schulman	02/17/2026
	** 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.

FAQ

What insider transaction did Verizon (VZ) CEO Daniel H. Schulman report?

Daniel H. Schulman reported an indirect acquisition of phantom stock units. On 02/12/2026, 188.658 unitized phantom stock positions were credited at $14.11 per unit, increasing his indirect deferred compensation plan balance to 2,191.561 phantom stock units.

How many phantom stock units did the Verizon (VZ) CEO acquire and at what value?

Schulman was credited with 188.658 phantom stock units at $14.11 per unit. These unitized phantom stock positions track the economic value of Verizon common stock but are settled in cash under the deferred compensation plan rather than through share delivery.

What is the total phantom stock balance reported for the Verizon (VZ) CEO after this transaction?

After the 02/12/2026 award, Schulman’s deferred compensation plan holds 2,191.561 phantom stock units. This balance reflects the latest 188.658-unit acquisition and also includes phantom stock previously accumulated, including units credited through dividend reinvestment under the plan.

How are Verizon (VZ) phantom stock units held by the CEO settled and when are they paid?

Each phantom stock unit is economically tied to a portion of one Verizon common share but is settled in cash. The units become payable upon specific events that Schulman has established in accordance with the terms of the company’s deferred compensation plan.

How does Daniel H. Schulman hold these Verizon (VZ) phantom stock units?

Schulman holds the phantom stock units indirectly through a deferred compensation plan. The Form 4 identifies his ownership as indirect, with the nature of ownership described as “By Deferred Compensation Plan,” reflecting plan-based, cash-settled compensation rather than directly owned Verizon shares.