Verizon director granted 5,062 phantom stock units
MANN JENNIFER K reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
MANN JENNIFER K reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications Inc. director Jennifer K. Mann reported an award of 5,062 units of phantom stock linked to Verizon common stock. After this grant, her indirect holdings through a deferred compensation plan total 7,106 phantom stock units.
Each phantom stock unit is the economic equivalent of one Verizon common share but will be settled in cash, not stock. The phantom stock becomes payable after Mann’s service as a director ends, and the reported balance also includes units accumulated through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,062 shares
Grant/Award
1 txn
Insider
MANN JENNIFER K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,062 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 7,106 contracts (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock become payable following the reporting person's termination of service as a director.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock grant: 5,062 units
Total phantom stock after grant: 7,106 units
Economic equivalence: 1 unit = 1 share
+1 more
4 metrics
Phantom stock grant
5,062 units
Grant/award on April 1, 2026
Total phantom stock after grant
7,106 units
Indirect holdings via deferred compensation plan
Economic equivalence
1 unit = 1 share
Each phantom stock unit equals one Verizon common share economically
Settlement form
Cash-settled
Phantom stock settled in cash, not Verizon shares
Key Terms
Phantom Stock, Deferred Compensation Plan, dividend reinvestment
3 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
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.
Deferred Compensation Plan financial
"nature_of_ownership: By 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 Verizon (VZ) director Jennifer Mann report on this Form 4?
Jennifer K. Mann reported receiving 5,062 phantom stock units tied to Verizon common stock. These units were granted under a deferred compensation plan and increase her indirect holdings to 7,106 units, representing cash-settled, stock-linked compensation rather than an open-market share purchase.
What is phantom stock in the context of Verizon (VZ)?
Phantom stock is a cash-settled award whose value tracks Verizon’s common stock. Each unit equals one share economically, but is paid in cash instead of actual shares. It functions as long-term, stock-based compensation, often used for directors and executives in deferred compensation plans.
How many Verizon (VZ) phantom stock units does Jennifer Mann now hold?
After this grant, Jennifer Mann holds 7,106 phantom stock units indirectly through a deferred compensation plan. This total includes the new 5,062-unit award plus prior phantom stock units, as well as additional units accumulated over time via dividend reinvestment credited to the account.
When will Jennifer Mann’s Verizon (VZ) phantom stock be paid out?
The phantom stock units become payable after Jennifer Mann’s service as a Verizon director ends. At that time, the units are settled in cash based on their value. Until then, they remain as deferred compensation whose value tracks Verizon’s common stock performance.
Does this Verizon (VZ) Form 4 show an open-market stock purchase or sale?
No. The Form 4 shows a grant of 5,062 phantom stock units as compensation, not an open-market trade. The transaction is classified as a grant or award acquisition and is held indirectly through a deferred compensation plan, with no reported market buy or sell activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
