Verizon EVP granted 253 phantom stock units

Verizon’s VZ Consumer chief received additional cash-settled phantom stock units through the company’s deferred compensation plan.

Available on EDGAR 09/11/2026 - 03:02 PM EDT Accepted by SEC EDGAR 09/11/2026 - 03:02 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

VERIZON COMMUNICATIONS INC (VZ) reported that Alfonso Villanueva Rodriguez, EVP and Group CEO–VZ Consumer, received an indirect award of 252.992 units of Phantom Stock (unitized) on September 10, 2026 under a deferred compensation plan, bringing his total phantom stock holdings in that plan to 7,339.149 units.

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 the reporting person has established under the deferred compensation plan. The total includes phantom stock acquired through dividend reinvestment and is economically linked to 72 shares of common stock as the underlying security.

Insider Trade Summary

Grant/Award: 252.992 shares

Grant/Award 1 txn

Insider Villanueva Rodriguez Alfonso

Role EVP and Group CEO-VZ Consumer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	252.992	$14.26	$4K

Holdings After Transaction: Phantom Stock (unitized) — 7,339.149 contracts (Indirect, By Deferred Compensation Plan)

Holdings Before and After: Phantom Stock (unitized), 7,086.157 to 7,339.149 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 granted: 252.992 units Phantom stock units following transaction: 7,339.149 units Underlying common stock: 72 shares +1 more

4 metrics

Phantom stock units granted 252.992 units Award of Phantom Stock (unitized) on September 10, 2026

Phantom stock units following transaction 7,339.149 units Total phantom stock held indirectly after the September 10, 2026 award

Underlying common stock 72 shares Underlying Verizon common stock tied to the phantom stock award

Reported reference value per phantom unit $14.26 Reference value associated with the September 10, 2026 phantom stock grant, footnote-qualified

Key Terms

Phantom Stock (unitized), deferred compensation plan, dividend reinvestment

3 terms

Phantom Stock (unitized) financial

"security titled “Phantom Stock (unitized)” credited under a plan"

deferred compensation plan financial

"events established by the reporting person 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 the Verizon (VZ) executive report in this Form 4?

Alfonso Villanueva Rodriguez reported an indirect grant of 252.992 phantom stock units on September 10, 2026 under a deferred compensation plan, increasing his total phantom stock holdings in that plan to 7,339.149 units linked to Verizon common stock.

What is the nature of the phantom stock reported for Verizon (VZ)?

The filing states that 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 reporting person in accordance with the deferred compensation plan.

How many underlying Verizon (VZ) common shares are tied to this Form 4 award?

The reported phantom stock award is economically linked to 72 shares of Verizon common stock as the underlying security, while the award itself consists of 252.992 unitized phantom stock units credited under the deferred compensation plan.

Is this Verizon (VZ) phantom stock award held directly by the executive?

No. The filing classifies the holding as indirect, stating it is held “By Deferred Compensation Plan”. The phantom stock units are credited within that plan rather than held as directly owned Verizon common shares.

Was a Rule 10b5-1 trading plan involved in this Verizon (VZ) Form 4?

The Form 4’s Rule 10b5-1 checkbox is not affirmed (set to false), and there is no footnote indicating that this phantom stock award was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

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

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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^*

Villanueva Rodriguez Alfonso

(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)
	EVP and Group CEO-VZ Consumer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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)	09/10/2026		A		252.992		(1)	(1)	Common Stock	72	$14.26	7,339.149(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 Alfonso Villanueva Rodriguez	09/11/2026
	** 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)