Verizon director granted 5,062 phantom stock units

Verizon Communications director Caroline Litchfield received an award of 5,062 shares of phantom stock under a deferred compensation plan.

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.

Insider Trade Summary

Grant/Award: 5,062 shares

Grant/Award 1 txn

Insider Litchfield Caroline

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	5,062	$0.00	$0.00

Holdings After Transaction: Phantom Stock — 11,402 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. 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.
2. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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 many Verizon (VZ) phantom stock shares does Caroline Litchfield hold after the transaction?

After the reported grant, Litchfield indirectly holds 11,402 shares of phantom stock tied to Verizon common stock. This total includes the new 5,062-share award as well as additional phantom stock previously acquired through dividend reinvestment under the same plan.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 03:59 PM EDT 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^*

Litchfield Caroline

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	(1)	04/01/2026		A		5,062		(1)	(1)	Common Stock	5,062	$0	11,402(2)	I	By Deferred Compensation Plan

Explanation of Responses:

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.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

Exhibit 24 - Power of Attorney.

	Evgeniya Berezkina, Attorney-in-fact for Caroline Litchfield	04/02/2026
	** 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)