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Verizon Communications (NYSE: VZ) EVP adds cash-settled phantom stock units

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

Rhea-AI Filing Summary

Malady Kyle reported acquisition or exercise transactions in this Form 4 filing.

Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications, received an indirect award of 132.0720 phantom stock units, economically tied to Verizon common stock and held in a deferred compensation plan, increasing his plan balance to 417,826.5600 phantom units, which are settled in cash at future payout events.

Positive

  • None.

Negative

  • None.
Insider Malady Kyle
Role EVP and Group CEO-VZ Business
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) F1, F2 132.072 $13.16 $2K
Holdings After Transaction: Phantom Stock (unitized) — 417,826.56 shares (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.
Phantom stock units acquired 132.0720 units Grant on 2026-07-30 to Kyle Malady under deferred compensation plan
Total phantom stock units after award 417,826.5600 units Indirect holdings via Deferred Compensation Plan following transaction
Reference price per phantom stock unit $13.1600 Price associated with 2026-07-30 phantom stock acquisition
Underlying common stock equivalent 38.0000 shares Common stock economically linked to phantom stock units in this award
Phantom Stock (unitized) financial
"Security reported as "Phantom Stock (unitized)" tied to common stock"
deferred compensation plan financial
"Payable upon events established under 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.

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

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FAQ

What insider transaction did Verizon (VZ) executive Kyle Malady report?
Kyle Malady reported an indirect award of 132.0720 phantom stock units linked to Verizon common stock. These units are held in a deferred compensation plan and increase his phantom stock balance to 417,826.5600 units, to be settled in cash at future payout events.

How large is Kyle Malady’s total phantom stock holding at Verizon (VZ) after this Form 4?
After the reported transaction, Kyle Malady indirectly holds 417,826.5600 phantom stock units through a deferred compensation plan. These phantom units are cash-settled and provide economic exposure to Verizon common stock rather than representing actual share ownership.

What is phantom stock in the context of Verizon (VZ) executive compensation?
Phantom stock for Verizon executives represents units that are the economic equivalent of a portion of one share of common stock but are settled in cash. Payout occurs upon events the executive elects under the company’s deferred compensation plan, not via share delivery.

Was Kyle Malady’s Verizon (VZ) phantom stock award made under a Rule 10b5-1 plan?
The disclosure does not indicate that Kyle Malady’s 132.0720-unit phantom stock award was made under a Rule 10b5-1 trading plan. It is characterized as a compensation-related acquisition within a deferred compensation arrangement, rather than an open-market trade.

How does the Verizon (VZ) phantom stock award relate to common stock shares?
The award is tied to 38.0000 underlying common shares, with each phantom unit providing the economic equivalent of a portion of a share. However, the phantom stock is settled in cash, so it does not directly increase the executive’s actual share count.

Does Kyle Malady’s Verizon (VZ) phantom stock include dividend reinvestment?
Yes. The reported total of 417,826.5600 phantom stock units includes phantom stock acquired through dividend reinvestment. This means dividends tied to the phantom units are credited as additional phantom stock rather than paid as cash currently.
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*
Malady Kyle
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and Group CEO-VZ Business
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/30/2026		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)07/30/2026A132.072 (1) (1)Common Stock38$13.16417,826.56(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 Kyle Malady08/03/2026
** 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