Verizon EVP granted phantom stock units

Verizon Communications executive Kyle Malady reported an acquisition of phantom stock units under a deferred compensation plan.

Rhea-AI Filing Summary

Verizon Communications executive Kyle Malady reported an acquisition of phantom stock units under a deferred compensation plan. On 02/12/2026, Malady received 123.227 phantom stock (unitized) derivative securities at a reference price of $14.11 per unit, held indirectly through the company’s Deferred Compensation Plan.

Following this grant, Malady’s total indirectly held phantom stock units rose to 403,178.163. Each phantom stock unit is economically linked to a portion of one share of Verizon common stock, is settled in cash, and becomes payable based on events the executive has established under the deferred compensation plan. The balance also reflects units accumulated through dividend reinvestment.

Insider Trade Summary

Grant/Award: 123.227 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)	123.227	$14.11	$2K

Holdings After Transaction: Phantom Stock (unitized) — 403,178.163 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Verizon (VZ) report for Kyle Malady?

Verizon reported that executive Kyle Malady acquired 123.227 phantom stock units on 02/12/2026. These are derivative awards under a deferred compensation plan, not open-market share purchases, and increase his indirectly held phantom stock balance to 403,178.163 units.

What are the key details of Kyle Malady’s phantom stock award at Verizon (VZ)?

On 02/12/2026, Kyle Malady received 123.227 phantom stock (unitized) securities at a reference price of $14.11 per unit. The award is held indirectly through a Deferred Compensation Plan and is classified as a grant, award, or other acquisition.

How many Verizon phantom stock units does Kyle Malady now beneficially own?

After the reported 02/12/2026 transaction, Kyle Malady beneficially owns 403,178.163 phantom stock units indirectly. This total includes the new 123.227-unit award and additional phantom stock accumulated through dividend reinvestment within the deferred compensation framework.

How is Verizon’s phantom stock for Kyle Malady settled and structured?

Each phantom stock unit is economically equivalent to a portion of one Verizon common share and is settled in cash. Payout occurs upon events Malady established under the deferred compensation plan, aligning the award’s value with the company’s share performance without issuing actual stock.

Is Kyle Malady’s Verizon phantom stock held directly or indirectly?

Kyle Malady’s phantom stock units are held indirectly through a Deferred Compensation Plan. The Form 4 identifies the ownership form as indirect, with the nature of ownership explicitly described as “By Deferred Compensation Plan” for these derivative securities.

Does Kyle Malady’s Verizon phantom stock award involve dividend reinvestment?

Yes. The reported phantom stock balance includes units acquired through dividend reinvestment. A footnote specifies that the total 403,178.163 phantom stock units reflect both the recent award and additional units credited when dividends are reinvested under the plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/17/2026 - 03:26 PM EST 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 NY 10036

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	02/12/2026		A		123.227		(1)	(1)	Common Stock	35	$14.11	403,178.163(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	02/17/2026
	** 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.