Verizon (NYSE: VZ) SVP now holds 17,102.890 phantom units
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.
Positive
- None.
Negative
- None.
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) F1, F2 | 41.442 | $14.11 | $584.75 |
Holdings After Transaction:
Phantom Stock (unitized) — 17,102.89 shares (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- 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.
- 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
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 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.
