Verizon EVP Russo granted 77.4 phantom stock units
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
VERIZON COMMUNICATIONS INC (VZ) reported that executive officer Joseph J. Russo, EVP & President–Global Networks & Technology, received an indirect grant of 77.408 phantom stock units on September 10, 2026 under a deferred compensation plan, economically tied to common stock and settled in cash. Following this award, his associated deferred-compensation account holds 84,951.063 phantom stock units, including units acquired through dividend reinvestment. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
Grant/Award: 77.408 shares
Grant/Award
1 txn
Insider
Russo Joseph J.
Role
EVP&Pres-Global Networks&Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 77.408 | $14.26 | $1K |
Holdings After Transaction:
Phantom Stock (unitized) — 84,951.063 contracts (Indirect, By Deferred Compensation Plan)
Holdings Before and After:
Phantom Stock (unitized), 84,873.655 to 84,951.063 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 granted: 77.408 units
Underlying common shares: 22 shares
Phantom stock holdings after transaction: 84,951.063 units
+1 more
4 metrics
Phantom stock units granted
77.408 units
Grant to Joseph J. Russo on September 10, 2026
Underlying common shares
22 shares
Underlying security for the September 10, 2026 phantom stock grant
Phantom stock holdings after transaction
84,951.063 units
Indirect holdings by deferred compensation plan after September 10, 2026 grant
Reference value per phantom unit
$14.26 per unit
Reported transaction price for the September 10, 2026 grant (footnote-qualified)
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 of one share"
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 transaction did Verizon (VZ) report for executive Joseph J. Russo?
Verizon reported that Joseph J. Russo received an indirect grant of 77.408 phantom stock units on September 10, 2026 under a deferred compensation plan, economically linked to Verizon common stock and settled in cash.
Is Joseph J. Russo’s Verizon (VZ) phantom stock held directly or indirectly?
The reported 84,951.063 phantom stock units are held indirectly by Joseph J. Russo through a Deferred Compensation Plan, as noted in the filing’s nature of ownership field.
What does the Verizon (VZ) filing say about settlement of Joseph J. Russo’s phantom stock?
Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events Russo established under the deferred compensation plan.
Was Joseph J. Russo’s Verizon (VZ) phantom stock transaction under a Rule 10b5-1 plan?
The filing indicates no Rule 10b5-1 trading plan; the document-level checkbox for affirming a Rule 10b5-1 arrangement is explicitly unchecked.
AI-generated analysis. How Rhea-AI works. Not financial advice.
