Verizon EVP receives phantom stock award

Verizon Communications executive Kyle Malady received a routine compensation award of phantom stock units linked to Verizon common stock.

Rhea-AI Filing Summary

Verizon Communications executive Kyle Malady received a routine compensation award of phantom stock units linked to Verizon common stock. On the transaction date, he acquired 127.53 unitized phantom stock units at an indicated value of $13.63 per unit through a deferred compensation plan.

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash rather than stock, with payment timing based on elections made under the deferred compensation plan. After this award and related dividend reinvestment, his indirect holdings in phantom stock total 410,769.153 units, reflecting long-term, cash-settled incentive exposure rather than an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 127.53 shares

Grant/Award 1 txn

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	127.53	$13.63	$2K

Holdings After Transaction: Phantom Stock (unitized) — 410,769.153 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: 127.53 units Indicated value per phantom unit: $13.63 per unit Total phantom stock after transaction: 410,769.153 units +2 more

5 metrics

Phantom stock units granted 127.53 units Grant/award acquisition on 2026-04-09

Indicated value per phantom unit $13.63 per unit Transaction price per unit on grant date

Total phantom stock after transaction 410,769.153 units Indirect holdings via deferred compensation plan

Underlying common shares 36 shares Common stock economically linked to this phantom award

Conversion or exercise price $0.00 Phantom stock units under deferred compensation plan

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment, grant/award acquisition

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.

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.

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

FAQ

What did Verizon (VZ) executive Kyle Malady report in this Form 4 filing?

Kyle Malady reported receiving 127.53 unitized phantom stock units as a compensation award. These units track Verizon’s common stock value but are settled in cash under a deferred compensation plan, increasing his total phantom stock holdings to 410,769.153 units.

What is phantom stock in the Verizon (VZ) Form 4 for Kyle Malady?

Phantom stock represents units whose value is tied to Verizon’s common stock but paid out in cash, not actual shares. In this filing, each unit is economically equivalent to a portion of one share and becomes payable based on elections under the deferred compensation plan.

How large is Kyle Malady’s phantom stock position at Verizon (VZ) after this transaction?

Following the reported award, Kyle Malady indirectly holds 410,769.153 phantom stock units through a deferred compensation plan. This balance includes units acquired from prior grants and dividend reinvestment, providing cash-settled exposure to Verizon’s share performance over time.

Did Kyle Malady buy or sell Verizon (VZ) common stock in the open market?

The filing shows a grant of phantom stock units, not an open-market stock trade. The award is classified as a grant or award acquisition, settled in cash, and held indirectly through a deferred compensation plan rather than as directly owned Verizon common shares.

How many underlying Verizon (VZ) common shares are tied to this phantom stock award?

This grant of phantom stock units corresponds economically to 36 underlying Verizon common shares. The units mirror the stock’s value but are ultimately settled in cash according to the terms and payout events specified in the deferred compensation plan.

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Accepted by SEC EDGAR 04/10/2026 - 03:18 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^*

Malady Kyle

(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 and Group CEO-VZ Business

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

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)	04/09/2026		A		127.53		(1)	(1)	Common Stock	36	$13.63	410,769.153(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 Kyle Malady	04/10/2026
	** 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)