Verizon director awarded 5,062 phantom stock units

OTIS CLARENCE JR reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

OTIS CLARENCE JR reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications director Clarence Otis Jr. received an award of 5,062 shares of phantom stock credited to a Deferred Compensation Plan. Each phantom share is economically equivalent to one share of Verizon common stock and will be settled in cash after his service as a director ends, bringing his total phantom stock holdings under the plan to 152,430 shares, including amounts from dividend reinvestment.

Insider Trade Summary

Grant/Award: 5,062 shares

Grant/Award 1 txn

Insider OTIS CLARENCE JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	5,062	$0.00	$0.00

Holdings After Transaction: Phantom Stock — 152,430 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. 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.
2. F2. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock awarded: 5,062 units Phantom stock after award: 152,430 units Transaction price per unit: $0.0000 +1 more

4 metrics

Phantom stock awarded 5,062 units Grant on 2026-04-01 under Deferred Compensation Plan

Phantom stock after award 152,430 units Total phantom stock holdings following transaction

Transaction price per unit $0.0000 Compensation grant with no cash paid by director

Underlying common stock equivalent 5,062 shares Each phantom stock unit equals one share of common stock economically

Key Terms

Phantom Stock, Deferred Compensation Plan, dividend reinvestment

3 terms

Phantom Stock financial

"Each share of phantom stock is the economic equivalent of one share of common stock"

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.

FAQ

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

What insider transaction did Verizon (VZ) report for Clarence Otis Jr.?

Verizon reported that director Clarence Otis Jr. received 5,062 shares of phantom stock. The award is part of a Deferred Compensation Plan and represents additional cash-settled, stock-linked compensation rather than an open-market share purchase or sale.

How many phantom stock units does Clarence Otis Jr. hold after this Form 4 at Verizon (VZ)?

After this award, Clarence Otis Jr. holds 152,430 phantom stock units. These units are credited under a Deferred Compensation Plan and track Verizon common stock value, including units previously acquired through dividend reinvestment.

What is phantom stock in the context of Verizon (VZ) director compensation?

Phantom stock is a cash-settled award whose value mirrors one share of Verizon common stock. It provides economic exposure to the stock price without delivering actual shares, and is typically paid out in cash at a later date specified by the plan.

When will Clarence Otis Jr.’s Verizon (VZ) phantom stock become payable?

The phantom stock units become payable after Clarence Otis Jr. terminates his service as a Verizon director. At that time, the cash value tied to the then-current share price is paid under the Deferred Compensation Plan’s terms.

Does this Verizon (VZ) Form 4 reflect a stock purchase or sale on the market?

No. The filing reflects a grant of 5,062 phantom stock units as compensation, not an open-market trade. The units are credited to a Deferred Compensation Plan and settled in cash rather than through buying or selling Verizon shares.

How is the Verizon (VZ) phantom stock award priced in this Form 4?

The Form 4 shows a transaction price of $0.0000 per phantom stock unit, indicating it is a compensation grant with no cash paid by the director. The economic value instead tracks Verizon common stock performance over time.

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

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Accepted by SEC EDGAR 04/02/2026 - 04:04 PM EDT 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^*

OTIS CLARENCE JR

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

X	Form 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)
			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	(1)	04/01/2026		A		5,062		(1)	(1)	Common Stock	5,062	$0	152,430(2)	I	By Deferred Compensation Plan

Explanation of Responses:

1. 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.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Clarence Otis, Jr.	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)