Verizon director Schulman granted phantom stock units
Verizon Communications director and officer Daniel H. Schulman reported receiving a grant of phantom stock units through a deferred compensation plan.
Sentiment and the balance of points
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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.
Insider Trade Summary
Grant/Award: 203.406 shares
Grant/Award
1 txn
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 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: 203.406 units
Reference price per unit: $13.08 per unit
Total phantom units after grant: 8,080.760 units
+1 more
4 metrics
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
Key Terms
Phantom Stock (unitized), Deferred Compensation Plan, Grant, award, or other acquisition, dividend reinvestment
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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