Verizon (VZ) SVP Stillwell receives new phantom stock award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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

1 transaction reported

Mixed 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 shares (Indirect, By Deferred Compensation Plan)

Footnotes (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. 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"

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 02:12 PM

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

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)
06/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock (unitized)	⁽¹⁾	06/04/2026		A		45.639		⁽¹⁾	⁽¹⁾	Common Stock	13	$12.81	16,587.373⁽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	06/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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.