Verizon (NYSE: VZ) director receives 5,062 phantom stock units in deferred plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verizon Communications director Caroline Litchfield received an award of 5,062 shares of phantom stock under a deferred compensation plan. Each phantom stock share is economically equivalent to one share of Verizon common stock and is settled in cash after her service as a director ends. Following this grant, she indirectly holds a total of 11,402 phantom stock shares, including amounts acquired through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Litchfield Caroline
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,062 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 11,402 shares (Indirect, By Deferred Compensation Plan)
Footnotes (1)
- 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. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock granted: 5,062 shares
Total phantom stock after grant: 11,402 shares
Economic equivalence: 1 phantom share = 1 common share
3 metrics
Phantom stock granted
5,062 shares
Grant of phantom stock on 2026-04-01
Total phantom stock after grant
11,402 shares
Indirect holdings via deferred compensation plan
Economic equivalence
1 phantom share = 1 common share
Phantom stock economically equivalent to Verizon common stock
Key Terms
Phantom Stock, Deferred Compensation Plan, dividend reinvestment
3 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.
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 did Verizon (VZ) director Caroline Litchfield report on this Form 4?
Caroline Litchfield reported receiving 5,062 shares of phantom stock linked to Verizon common stock. This award was made under a deferred compensation plan and increases her total phantom stock holdings to 11,402 shares, all held indirectly through that plan.
What is the nature of the phantom stock award reported for Verizon (VZ)?
The filing states each phantom stock share is economically equivalent to one Verizon common share and is settled in cash. The phantom stock becomes payable only after Litchfield’s service as a director ends, aligning compensation with Verizon’s share value over time.
How is the Verizon (VZ) phantom stock held by Caroline Litchfield classified?
The phantom stock is reported as held indirectly through a deferred compensation plan. The ownership code is listed as indirect, meaning the plan, rather than Litchfield directly, holds the phantom stock units on her behalf for deferred cash settlement later.
When will Caroline Litchfield’s Verizon (VZ) phantom stock be paid out?
According to the filing, the phantom stock becomes payable after Litchfield’s termination of service as a Verizon director. At that time, the phantom stock will be settled in cash, based on the economic value equivalent to Verizon common stock.