Verizon EVP receives phantom stock award

Villanueva Rodriguez Alfonso reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Villanueva Rodriguez Alfonso reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Alfonso Villanueva, EVP and International Group CEO for Verizon Consumer and CTO, reported receiving 75.955 phantom stock (unitized) units credited to a deferred compensation plan on May 21, 2026. Each phantom stock unit is economically tied to Verizon common stock and is settled in cash, becoming payable upon events the executive selected under the deferred compensation plan. Following this award, the deferred plan balance reflects 6,327.384 phantom stock units, including amounts accumulated through dividend reinvestment and representing the economic equivalent of portions of Verizon common shares.

Insider Trade Summary

Grant/Award: 75.955 shares

Grant/Award 1 txn

Insider Villanueva Rodriguez Alfonso

Role EVP&Int.Group CEO-VZ Cons.&CTO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	75.955	$13.77	$1K

Holdings After Transaction: Phantom Stock (unitized) — 6,327.384 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: 75.955 units Price per phantom unit: $13.7700 per unit Total phantom units after transaction: 6,327.384 units +2 more

5 metrics

Phantom stock units granted 75.955 units Grant/award acquisition on May 21, 2026

Price per phantom unit $13.7700 per unit Reference price for phantom stock units

Total phantom units after transaction 6,327.384 units Deferred compensation plan balance following award

Underlying common shares 22.000 shares Underlying Verizon common stock tied to this phantom award

Conversion or exercise price $0.0000 Phantom stock derivative terms

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment, grant/award acquisition

4 terms

Phantom Stock (unitized) financial

"Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash."

Deferred Compensation Plan financial

"The shares of phantom stock become payable upon 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.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

FAQ

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

What did Verizon (VZ) executive Alfonso Villanueva report on this Form 4?

Alfonso Villanueva reported receiving 75.955 phantom stock (unitized) units credited to a deferred compensation plan. These units are economically linked to Verizon common stock and increase his indirect compensation-based exposure to the company, rather than reflecting an open-market stock purchase or sale.

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

After the award, the deferred compensation plan shows 6,327.384 phantom stock units for Alfonso Villanueva. This total includes the newly granted 75.955 units and prior phantom stock accumulated, including amounts acquired through dividend reinvestment under the plan’s terms.

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

Each share of phantom stock is the economic equivalent of a portion of one Verizon common share and is settled in cash. The phantom stock becomes payable upon events established by the executive in accordance with the company’s deferred compensation plan election rules.

Is this Verizon (VZ) Form 4 a stock purchase or sale in the market?

No, this Form 4 reflects a grant or crediting of phantom stock units within a deferred compensation plan, not an open-market trade. The transaction is coded as an acquisition (A) of derivative securities that mirror Verizon’s stock value and are ultimately settled in cash, not shares.

How many Verizon (VZ) common shares underlie the reported phantom stock units?

The reported transaction relates to phantom stock tied to 22.000 underlying Verizon common shares. These underlying shares serve as a reference for economic equivalence, but the phantom stock itself is paid in cash based on plan terms rather than delivering actual common stock to the executive.

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

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Accepted by SEC EDGAR 05/26/2026 - 11:56 AM 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^*

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&Int.Group CEO-VZ Cons.&CTO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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)	05/21/2026		A		75.955		(1)	(1)	Common Stock	22	$13.77	6,327.384(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	05/26/2026
	** 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)