Verizon SVP granted phantom stock units
Verizon Communications senior vice president and controller Mary-Lee Stillwell reported an indirect compensation award in the form of phantom stock unitized under a deferred compensation plan.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Verizon Communications senior vice president and controller Mary-Lee Stillwell reported an indirect compensation award in the form of phantom stock unitized under a deferred compensation plan. She acquired 45.639 phantom stock units at $12.81 per unit, bringing her total deferred phantom stock balance to 16,587.373 units, economically tied to Verizon common stock and payable in cash.
Insider Trade Summary
Grant/Award: 45.639 shares
Grant/Award
1 txn
Insider
Stillwell Mary-Lee
Role
SVP and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) | 45.639 | $12.81 | $584.64 |
Holdings After Transaction:
Phantom Stock (unitized) — 16,587.373 contracts (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 granted: 45.639 units
Grant reference price: $12.81 per unit
Total phantom units after grant: 16,587.373 units
+1 more
4 metrics
Phantom stock units granted
45.639 units
Grant on June 4, 2026 under deferred compensation plan
Grant reference price
$12.81 per unit
Price per phantom stock unit for this award
Total phantom units after grant
16,587.373 units
Indirect holdings by deferred compensation plan after transaction
Underlying common stock equivalent
13 shares
Underlying Verizon common stock tied to this derivative entry
Key Terms
Phantom Stock (unitized), deferred compensation plan, dividend reinvestment, settled in cash
4 terms
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)" reported as derivative security"
deferred compensation plan financial
"nature_of_ownership: "By Deferred Compensation Plan" for indirect holdings"
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
"Footnote states holdings include 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.
settled in cash financial
"Footnote explains phantom stock is economically equivalent to stock and settled in cash"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Verizon (VZ) executive Mary-Lee Stillwell report in this Form 4?
Mary-Lee Stillwell reported receiving 45.639 phantom stock units under a deferred compensation plan. These units track Verizon common stock value and are settled in cash, increasing her total phantom stock holdings to 16,587.373 units held indirectly.
Is the Verizon (VZ) Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition via a grant, not a market trade. Stillwell received phantom stock units as a compensation award, coded “A” for grant or other acquisition, with no open-market buying or selling of Verizon common shares disclosed.
How do the phantom stock units in this Verizon (VZ) filing work?
Each phantom stock unit is economically equivalent to a portion of one Verizon common share but is settled in cash. Payment occurs upon events Stillwell established under the deferred compensation plan, rather than through delivery of actual Verizon stock.
How many Verizon (VZ) phantom stock units does Stillwell hold after this grant?
After this grant, Stillwell holds 16,587.373 phantom stock units indirectly through a deferred compensation plan. This total includes the newly acquired 45.639 units and prior units, some of which were accumulated through dividend reinvestment according to the filing footnotes.
Does this Verizon (VZ) Form 4 involve dividend reinvestment?
Yes. A footnote explains that the reported phantom stock total includes units acquired through dividend reinvestment. This means dividends credited under the deferred compensation plan were automatically converted into additional phantom stock units rather than being paid out in cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates