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Verizon (VZ) EVP receives phantom stock award in deferred plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Villanueva Rodriguez Alfonso reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Alfonso Villanueva Rodriguez, EVP and International Group CEO for Verizon Consumer and CTO, reported receiving an award of phantom stock under a deferred compensation plan. The grant covers 81.669 unitized phantom stock shares, each economically tied to a portion of one share of Verizon common stock and settled in cash rather than actual shares.

After this grant and related dividend reinvestment, his indirect holdings through the deferred compensation plan total 6,409.053 phantom stock units. The phantom stock becomes payable upon events he has established in line with the plan’s rules, and does not represent open‑market buying or selling of Verizon common stock.

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Insider Villanueva Rodriguez Alfonso
Role EVP&Int.Group CEO-VZ Cons.&CTO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 81.669 $12.81 $1K
Holdings After Transaction: Phantom Stock (unitized) — 6,409.053 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.
Phantom stock grant 81.669 units Grant of unitized phantom stock on 2026-06-04
Implied reference price $12.81 per unit Transaction price per phantom stock unit
Phantom units after grant 6,409.053 units Total phantom stock in deferred compensation plan after transaction
Underlying common stock 23 shares Underlying common stock associated with phantom stock position
Conversion price $0.00 Conversion or exercise price of phantom stock
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)""
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.
dividend reinvestment financial
"Includes phantom stock acquired through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Villanueva Rodriguez Alfonso
(Last)(First)(Middle)
VERIZON COMMUNICATIONS INC.
1095 AVENUE OF THE AMERICAS
(Street)
NEW YORK NEW YORK 10036
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP&Int.Group CEO-VZ Cons.&CTO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock (unitized)(1)06/04/2026A81.669 (1) (1)Common Stock23$12.816,409.053(2)IBy 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 Alfonso Villanueva Rodriguez06/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Verizon (VZ) report for Alfonso Villanueva Rodriguez?

Verizon reported that EVP Alfonso Villanueva Rodriguez received 81.669 unitized phantom stock shares under a deferred compensation plan. These awards are cash-settled and economically track portions of Verizon common stock, rather than representing direct stock purchases.

How many phantom stock units does the Verizon (VZ) executive hold after this Form 4?

Following the latest grant, the executive’s deferred compensation plan account holds 6,409.053 phantom stock units. This total includes the new award and phantom stock accumulated through dividend reinvestment under the plan’s terms.

Does this Verizon (VZ) Form 4 show any open-market stock purchases or sales?

No, the Form 4 shows a grant of phantom stock units, not open-market trades of Verizon common shares. The phantom stock is a cash-settled compensation vehicle linked economically to the stock price.

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

Phantom stock is a cash-settled compensation award whose value mirrors a portion of Verizon common stock. It provides economic exposure to the share price without issuing actual shares or voting rights to the recipient.

When does the Verizon (VZ) phantom stock become payable to the executive?

The phantom stock units become payable upon events the executive established under the deferred compensation plan. These events are defined by the plan’s rules, such as retirement or other specified distribution dates.