Verizon EVP granted phantom stock units

VERIZON COMMUNICATIONS INC executive Alfonso Villanueva Rodriguez reported a routine compensation-related award of derivative securities.

Rhea-AI Filing Summary

VERIZON COMMUNICATIONS INC executive Alfonso Villanueva Rodriguez reported a routine compensation-related award of derivative securities. On this Form 4, he acquired 77.847 unitized phantom stock units through a deferred compensation plan, economically tied to 22 shares of Verizon common stock.

Each phantom stock unit represents the economic equivalent of a portion of one share of common stock and will be settled in cash under the plan’s terms. Following this award and prior dividend reinvestments, indirect holdings under the deferred compensation plan total 6,251.429 phantom stock units.

Insider Trade Summary

Grant/Award: 77.847 shares

Grant/Award 1 txn

Insider Villanueva Rodriguez Alfonso

Role EVP&Int.Group CEO-VZ Cons.&CTO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	77.847	$13.44	$1K

Holdings After Transaction: Phantom Stock (unitized) — 6,251.429 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.

Key Figures

Phantom stock units granted: 77.847 units Grant reference price: $13.4400 per unit Phantom units after award: 6,251.429 units +2 more

5 metrics

Phantom stock units granted 77.847 units Grant on May 7, 2026 under deferred compensation plan

Grant reference price $13.4400 per unit Price per phantom stock unit for this award

Phantom units after award 6,251.429 units Total indirect phantom stock holdings following this transaction

Underlying common shares 22.0000 shares Common stock equivalent referenced by this phantom stock award

Conversion or exercise price $0.0000 Phantom stock units under deferred compensation plan

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, economic equivalent, dividend reinvestment

4 terms

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.

economic equivalent financial

"Each share of phantom stock is the economic equivalent of a portion of one share of common stock"

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.

FAQ

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

Verizon reported that executive Alfonso Villanueva Rodriguez received 77.847 unitized phantom stock units as a compensation grant. These units are tied economically to 22 shares of common stock and are held indirectly through a deferred compensation plan, not via open-market buying or selling.

What is the nature of the phantom stock units granted to the Verizon (VZ) executive?

The phantom stock units are derivative awards that mirror the value of Verizon common stock but are settled in cash. Each unit represents the economic equivalent of a portion of one share, payable according to events specified in the company’s deferred compensation plan.

How many phantom stock units does the Verizon (VZ) executive hold after the latest award?

After the latest award, the executive’s indirect holdings under the deferred compensation plan total 6,251.429 phantom stock units. This figure includes the new 77.847-unit grant as well as phantom stock previously accumulated, including amounts acquired through dividend reinvestment.

Is the Verizon (VZ) Form 4 transaction an open-market purchase or sale of shares?

The reported transaction is not an open-market trade. It is a grant of 77.847 phantom stock units under a deferred compensation plan, classified as a derivative award acquisition rather than a direct market purchase or sale of Verizon common stock.

How are Verizon (VZ) phantom stock units from this grant ultimately settled?

The phantom stock units are settled in cash rather than actual Verizon shares. Payment occurs upon events established by the executive in accordance with the deferred compensation plan, while the units track the economic value of Verizon’s common stock over time.

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Accepted by SEC EDGAR 05/11/2026 - 12:22 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^*

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)

	Director		10% Owner
X	Officer (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)
05/07/2026

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

X	Form 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)
			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)	05/07/2026		A		77.847		(1)	(1)	Common Stock	22	$13.44	6,251.429(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 Alfonso Villanueva Rodriguez	05/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)