Verizon SVP adds 41 phantom stock units in award

VERIZON COMMUNICATIONS INC (VZ) reported that Mary‑Lee Stillwell, SVP and Controller, received an award of 41.442 phantom stock units on 2026-08-27 under a deferred compensation plan.

Rhea-AI Filing Summary

VERIZON COMMUNICATIONS INC (VZ) reported that Mary‑Lee Stillwell, SVP and Controller, received an award of 41.442 phantom stock units on 2026-08-27 under a deferred compensation plan. These units are held indirectly through the plan and represent the economic equivalent of portions of Verizon common stock, but are settled in cash rather than shares when payable. The award includes amounts acquired through dividend reinvestment, and brought Ms. Stillwell’s total phantom stock holdings in the plan to 17,102.890 units.

Insider Trade Summary

Grant/Award: 41.442 shares

Grant/Award 1 txn

Insider Stillwell Mary-Lee

Role SVP and Controller

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	41.442	$14.11	$584.75

Holdings After Transaction: Phantom Stock (unitized) — 17,102.89 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.

Key Figures

Phantom stock units acquired: 41.4420 units Phantom stock units following transaction: 17102.8900 units Underlying common stock: 12.0000 shares

3 metrics

Phantom stock units acquired 41.4420 units Grant, award, or other acquisition on 2026-08-27

Phantom stock units following transaction 17102.8900 units Total phantom stock held indirectly by deferred compensation plan after the award

Underlying common stock 12.0000 shares Underlying Verizon common shares associated with the reported phantom stock position

Key Terms

phantom stock, unitized, deferred compensation plan, dividend reinvestment

4 terms

phantom stock financial

"Each share of phantom stock is the economic equivalent of a portion of one share"

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.

unitized financial

"Phantom Stock (unitized)"

deferred compensation plan financial

"in accordance with 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.

FAQ

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

What did VZ executive Mary-Lee Stillwell report in this Form 4?

She reported an acquisition of 41.442 phantom stock units on 2026-08-27 under a deferred compensation plan, bringing her total phantom stock holdings in that plan to 17,102.890 units.

Is the Form 4 transaction in VZ common stock or phantom stock?

The transaction involves phantom stock (unitized), not actual Verizon common shares. Each phantom stock unit is the economic equivalent of a portion of one share of common stock but is settled in cash under the deferred compensation plan.

How many underlying Verizon (VZ) common shares does this phantom stock award reference?

The reported derivative position references 12.000 underlying shares of Verizon common stock associated with the phantom stock units disclosed in the transaction.

How are Mary-Lee Stillwell’s VZ phantom stock units held?

They are held indirectly, noted as "By Deferred Compensation Plan." The Form 4 states that the phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Does the VZ Form 4 mention dividend reinvestment for the phantom stock?

Yes. A footnote states that the reported total includes phantom stock acquired through dividend reinvestment, indicating that cash dividends are reinvested into additional phantom stock units in the plan.

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

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Available on EDGAR 08/31/2026 - 12:06 PM EDT Accepted by SEC EDGAR 08/31/2026 - 12:06 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^*

Stillwell Mary-Lee

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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 (unitized)	(1)	08/27/2026		A		41.442		(1)	(1)	Common Stock	12	$14.11	17,102.89(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	08/31/2026
	** 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)