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Daniel Schulman (NYSE: VZ) receives Verizon phantom stock units via deferred pay plan

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

Rhea-AI Filing Summary

Verizon Communications director and officer Daniel H. Schulman reported receiving a grant of phantom stock units through a deferred compensation plan. He acquired 203.406 unitized phantom stock units at an economic reference price of $13.08 per unit, bringing his indirect deferred-compensation phantom stock balance to 8,080.760 units. These cash-settled phantom shares, economically tied to Verizon common stock (including amounts from dividend reinvestment), become payable upon events he previously elected under the plan.

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Insider SCHULMAN DANIEL H
Role CEO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 203.406 $13.08 $3K
Holdings After Transaction: Phantom Stock (unitized) — 8,080.76 shares (Indirect, By Deferred Compensation Plan)
Footnotes (1)
  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. Includes phantom stock acquired through dividend reinvestment.
Phantom stock units granted 203.406 units Award of unitized phantom stock on June 17, 2026
Reference price per unit $13.08 per unit Economic reference price for phantom stock grant
Total phantom units after grant 8,080.760 units Indirect holdings in deferred compensation plan after transaction
Underlying common shares 58 shares Underlying Verizon common stock linked to phantom units
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
dividend reinvestment financial
"Footnote: "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.
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Form 4 Insider Transactions: What Each Field Means →
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*
SCHULMAN DANIEL H
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		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)06/17/2026A203.406 (1) (1)Common Stock58$13.088,080.76(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 Daniel H. Schulman06/18/2026
** 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

FAQ

What did Daniel H. Schulman report in his latest Verizon (VZ) Form 4?

Daniel H. Schulman reported an acquisition of phantom stock units tied to Verizon common stock. He received 203.406 unitized phantom stock units through a deferred compensation plan, increasing his indirect phantom stock balance to 8,080.760 units, all settled in cash rather than actual Verizon shares.

How many Verizon phantom stock units did Schulman acquire and at what reference price?

Schulman acquired 203.406 unitized phantom stock units linked to Verizon common stock. The units are referenced at $13.08 per unit, reflecting the economic value used for the award. This transaction is recorded as a grant or award acquisition under the company’s deferred compensation plan.

How many Verizon phantom stock units does Schulman hold after this Form 4 transaction?

Following this transaction, Schulman’s deferred compensation plan account holds 8,080.760 phantom stock units. These units are economically equivalent to portions of Verizon common stock but are settled entirely in cash, becoming payable upon specific events he elected under the deferred compensation plan provisions.

Are Daniel Schulman’s Verizon phantom stock units settled in cash or in common stock?

The phantom stock units are settled in cash rather than Verizon common stock. Each unit represents the economic equivalent of a portion of one share of common stock, with payment triggered by events Schulman established under the deferred compensation plan, including units acquired via dividend reinvestment.

Is Schulman’s Verizon phantom stock grant held directly or indirectly?

The phantom stock grant is reported as an indirect holding. It is held through a deferred compensation plan, noted as “By Deferred Compensation Plan” in the ownership description, meaning the units reside in that plan account rather than as directly owned Verizon common stock in his personal brokerage.

What underlying Verizon common shares are associated with Schulman’s phantom stock award?

The reported phantom stock grant references 58 underlying shares of Verizon common stock. This linkage defines the economic exposure of the phantom units, although the plan is cash-settled. The value of the phantom stock tracks the performance and dividends of Verizon shares over time.