Verizon Communications (VZ) SVP adds phantom stock units via deferred plan

Rhea-AI Filing Summary

Verizon Communications Inc. executive reports deferred compensation units. A senior vice president and controller of Verizon Communications Inc. filed a Form 4 reporting the acquisition of derivative securities in the form of phantom stock units on 12/04/2025. The transaction added 48.986 phantom stock units, each designed to mirror the value of a portion of one share of Verizon common stock.

After this transaction, the reporting person holds 12,983.469 phantom stock units indirectly through a deferred compensation plan. These phantom stock units are settled in cash rather than stock and generally become payable upon events the executive has established under the plan, and the total includes units accumulated through dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stillwell Mary-Lee

Role SVP and Controller

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	48.986	$11.78	$577.06

Holdings After Transaction: Phantom Stock (unitized) — 12,983.469 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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Stillwell Mary-Lee

(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)
	SVP and Controller

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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)	12/04/2025		A		48.986		(1)	(1)	Common Stock	14	$11.78	12,983.469(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 Mary-Lee Stillwell	12/05/2025
	** 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.

FAQ

What insider transaction at Verizon Communications Inc. (VZ) is disclosed in this Form 4?

The Form 4 reports that a Verizon Communications Inc. senior vice president and controller acquired 48.986 phantom stock units on 12/04/2025 through a deferred compensation arrangement.

How many phantom stock units does the Verizon (VZ) executive hold after the reported transaction?

Following the transaction, the reporting person beneficially owns 12,983.469 phantom stock units, held indirectly through a Deferred Compensation Plan.

What are phantom stock units in the Verizon Communications Inc. (VZ) deferred compensation plan?

Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock, is settled in cash, and becomes payable upon events established by the executive under the deferred compensation plan.

Does this Verizon (VZ) Form 4 involve direct ownership of common stock?

No. The transaction involves phantom stock units, which track the value of Verizon common stock but are settled in cash rather than granting actual shares.

How are dividends treated for the Verizon (VZ) phantom stock units reported in this filing?

The filing notes that the reported total includes phantom stock acquired through dividend reinvestment, meaning dividends are converted into additional phantom units under the plan.

What is the ownership form of the reported Verizon (VZ) phantom stock units?

The 12,983.469 phantom stock units are reported as indirectly owned, held "By Deferred Compensation Plan" on behalf of the executive.