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Verizon Communications (NYSE: VZ) awards phantom stock to EVP

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

Rhea-AI Filing Summary

Verizon Communications Inc. executive Alfonso Villanueva Rodriguez, EVP and Group CEO-VZ Consumer, was granted 79.477 phantom stock units tied to Verizon common stock under a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one common share and is settled in cash upon events the executive established under the plan. Following this award, he indirectly holds 6,739.192 phantom stock units through the Deferred Compensation Plan, including units acquired through dividend reinvestment.

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Insider Villanueva Rodriguez Alfonso
Role EVP and Group CEO-VZ Consumer
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) F1, F2 79.477 $13.16 $1K
Holdings After Transaction: Phantom Stock (unitized) — 6,739.192 shares (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.
Phantom stock units granted 79.477 units Phantom Stock (unitized) awarded on 2026-07-30
Phantom stock units after transaction 6,739.192 units Total phantom stock indirectly held via Deferred Compensation Plan after award
Underlying common stock equivalent 23.0000 shares Underlying Verizon common stock associated with the reported phantom stock derivative
Phantom Stock (unitized) financial
"security_title": "Phantom Stock (unitized)""
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.

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

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FAQ

What insider transaction did Verizon (VZ) report for Alfonso Villanueva Rodriguez?
Verizon reported that Alfonso Villanueva Rodriguez received 79.477 phantom stock units linked to Verizon common stock. The units were granted under a deferred compensation plan and increase his indirect holdings of phantom stock, which are settled in cash rather than actual share delivery.

What is phantom stock in Verizon (VZ)'s deferred compensation plan?
In Verizon’s plan, each phantom stock unit is the economic equivalent of a portion of one common share and is settled in cash. These units track the value of Verizon stock and become payable upon events the executive has established under the deferred compensation plan’s rules.

How many phantom stock units does Alfonso Villanueva Rodriguez hold after this Verizon (VZ) transaction?
After the reported transaction, Alfonso Villanueva Rodriguez indirectly holds 6,739.192 phantom stock units through Verizon’s Deferred Compensation Plan. This total includes the newly granted 79.477 units plus previously accumulated phantom stock, some of which was acquired via dividend reinvestment.

How and when are Verizon (VZ) phantom stock units settled for this executive?
The phantom stock units are settled in cash rather than stock. They become payable upon events that the reporting person established in accordance with Verizon’s deferred compensation plan, such as specified future dates or separation-related triggers defined under that plan.

Is the Verizon (VZ) phantom stock position held directly or indirectly by the executive?
The reported phantom stock units are held indirectly by Alfonso Villanueva Rodriguez through a Deferred Compensation Plan. The Form 4 identifies the nature of ownership as “By Deferred Compensation Plan,” indicating plan-based, indirect economic exposure instead of directly owned Verizon shares.
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 and Group CEO-VZ Consumer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/30/2026		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)07/30/2026A79.477 (1) (1)Common Stock23$13.166,739.192(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 Rodriguez08/03/2026
** 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