Verizon director awarded 5,062 phantom stock units
Verizon Communications Inc. director Carol B. Tomé received a grant of 5,062 shares of Phantom Stock under a deferred compensation plan.
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Form Type
4
Rhea-AI Filing Summary
Verizon Communications Inc. director Carol B. Tomé received a grant of 5,062 shares of Phantom Stock under a deferred compensation plan. After this award, her indirect holdings in phantom stock total 28,415 shares through the plan.
Each share of phantom stock is the economic equivalent of one share of Verizon common stock but is settled in cash rather than stock. These phantom shares become payable after Tomé’s service as a director ends and also reflect amounts acquired through dividend reinvestment.
Insider Trade Summary
Grant/Award: 5,062 shares
Grant/Award
1 txn
Insider
TOME CAROL B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,062 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 28,415 contracts (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- 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.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom Stock grant: 5,062 shares
Total Phantom Stock holdings: 28,415 shares
Economic equivalence: 1 phantom share = 1 common share
3 metrics
Phantom Stock grant
5,062 shares
Award of phantom stock units on April 1, 2026
Total Phantom Stock holdings
28,415 shares
Indirect phantom stock balance following the transaction
Economic equivalence
1 phantom share = 1 common share
Each phantom stock share mirrors one Verizon common share in value
Key Terms
Phantom Stock, Deferred Compensation Plan, dividend reinvestment, economic equivalent
4 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash."
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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Verizon (VZ) disclose for Carol B. Tomé?
Verizon disclosed that director Carol B. Tomé received a grant of 5,062 shares of Phantom Stock. This award is part of a deferred compensation plan and increases her indirect phantom stock holdings to 28,415 shares tied economically to Verizon common stock.
What is Phantom Stock in the Verizon (VZ) Form 4 filing?
In this filing, Phantom Stock represents cash-settled units economically equivalent to Verizon common shares. Each phantom share tracks the value of one common share and is payable in cash after the director’s service ends, including amounts accumulated through dividend reinvestment.
How many Phantom Stock units does the Verizon (VZ) director hold after this grant?
After receiving 5,062 Phantom Stock units, director Carol B. Tomé holds a total of 28,415 phantom shares. These units are held indirectly through a deferred compensation plan and mirror the value of Verizon common stock on a one-for-one economic basis.
When will Carol B. Tomé’s Verizon (VZ) Phantom Stock be paid out?
The Phantom Stock units will be paid in cash after Carol B. Tomé’s service as a Verizon director ends. Until then, the phantom shares track Verizon’s common stock value and accumulate additional units through dividend reinvestment within the deferred compensation plan.
Does the Verizon (VZ) Phantom Stock grant involve open-market buying or selling?
No, the Phantom Stock grant is a compensation-related award, not an open-market trade. It reflects a grant of 5,062 cash-settled units under a deferred compensation plan, rather than the purchase or sale of Verizon common shares in the public market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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