Verizon CEO Schulman adds deferred phantom stock
Verizon’s CEO and director Daniel H. Schulman increased his cash-settled phantom stock position through the company’s deferred compensation plan.
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Form Type
4
Rhea-AI Filing Summary
Verizon Communications Inc. (VZ) reported that director and CEO Daniel H. Schulman acquired additional phantom stock units linked to Verizon common stock through a deferred compensation plan on September 10, 2026. The units are cash-settled and become payable upon future events set under the plan, and include amounts from dividend reinvestment.
Insider Trade Summary
Grant/Award: 186.642 shares
Grant/Award
1 txn
Insider
SCHULMAN DANIEL H
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 186.642 | $14.26 | $3K |
Holdings After Transaction:
Phantom Stock (unitized) — 9,408.957 contracts (Indirect, By Deferred Compensation Plan)
Holdings Before and After:
Phantom Stock (unitized), 9,222.315 to 9,408.957 contracts (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- 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.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock units acquired: 186.642 units
Phantom stock units following transaction: 9,408.957 units
Underlying common stock equivalent reported: 53 shares
3 metrics
Phantom stock units acquired
186.642 units
Grant or award acquisition on September 10, 2026
Phantom stock units following transaction
9,408.957 units
Indirect holdings through Deferred Compensation Plan after the award
Underlying common stock equivalent reported
53 shares
Underlying security title Common Stock linked to the phantom stock units
Key Terms
Phantom Stock, Deferred Compensation Plan, dividend reinvestment
3 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of a portion"
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
"in accordance with the 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 insider transaction did Verizon (VZ) disclose for Daniel H. Schulman?
Verizon disclosed that Daniel H. Schulman acquired 186.642 phantom stock units on September 10, 2026, as a grant or award under a deferred compensation plan, increasing his indirect phantom stock holdings.
How many phantom stock units does Daniel H. Schulman hold after this Verizon (VZ) transaction?
After the reported transaction, Daniel H. Schulman indirectly holds 9,408.957 phantom stock units through a deferred compensation plan.
What is the nature of the phantom stock reported for Verizon (VZ)?
Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock, is settled in cash, and becomes payable upon events established by Daniel H. Schulman under the deferred compensation plan.
How were some of Daniel H. Schulman’s Verizon (VZ) phantom stock units acquired?
The total reported phantom stock holdings include units acquired through dividend reinvestment under the deferred compensation plan.
Is Daniel H. Schulman’s Verizon (VZ) phantom stock held directly or indirectly?
The reported phantom stock units are held indirectly by Daniel H. Schulman through a Deferred Compensation Plan, rather than as directly owned common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
