Verizon SVP Stillwell granted 40.997 phantom units
VERIZON COMMUNICATIONS INC (VZ) reported that SVP and Controller Mary-Lee Stillwell acquired 40.997 phantom stock (unitized) units on September 10, 2026 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 INC (VZ) reported that SVP and Controller Mary-Lee Stillwell acquired 40.997 phantom stock (unitized) units on September 10, 2026 under a deferred compensation plan. Each phantom stock unit is economically tied to Verizon common stock, settled in cash, and the total phantom stock balance increased to 17,143.887 units, including amounts from dividend reinvestment.
Insider Trade Summary
Grant/Award: 40.997 shares
Grant/Award
1 txn
Insider
Stillwell Mary-Lee
Role
SVP and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 40.997 | $14.26 | $584.62 |
Holdings After Transaction:
Phantom Stock (unitized) — 17,143.887 contracts (Indirect, By Deferred Compensation Plan)
Holdings Before and After:
Phantom Stock (unitized), 17,102.89 to 17,143.887 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 acquired: 40.997 units
Phantom stock units following transaction: 17,143.887 units
Reference value per phantom stock unit: $14.26 per unit
+1 more
4 metrics
Phantom stock units acquired
40.997 units
Grant/award acquisition on September 10, 2026 under deferred compensation plan
Phantom stock units following transaction
17,143.887 units
Total indirect holdings in deferred compensation plan after September 10, 2026 transaction
Reference value per phantom stock unit
$14.26 per unit
Filed as transaction price associated with September 10, 2026 phantom stock grant
Underlying common stock equivalent in this grant
12 shares
Underlying Verizon common stock associated with the reported phantom stock units
Key Terms
Phantom stock (unitized), Deferred compensation plan, Dividend reinvestment
3 terms
Phantom stock (unitized) financial
"security titled “Phantom Stock (unitized)” with economic equivalence to common stock"
Deferred compensation plan financial
"payable upon events established 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 insider transaction did Verizon (VZ) report for Mary-Lee Stillwell?
Verizon reported that SVP and Controller Mary-Lee Stillwell acquired 40.997 phantom stock (unitized) units on September 10, 2026 under a deferred compensation plan. This was reported as a grant or award acquisition of a derivative security.
What is the nature of the phantom stock reported in this Verizon (VZ) Form 4?
The filing states that each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The phantom stock becomes payable upon events established under the deferred compensation plan.
How many phantom stock units does the insider hold after this Verizon (VZ) transaction?
After the September 10, 2026 acquisition, the insider’s indirect holdings in the deferred compensation plan total 17,143.887 phantom stock units. This amount includes phantom stock acquired through dividend reinvestment as disclosed in the footnotes.
How is ownership of the phantom stock structured in this Verizon (VZ) filing?
The phantom stock is reported as indirectly owned, with the nature of ownership described as “By Deferred Compensation Plan.” This means the position is held through a company deferred compensation arrangement rather than as directly held common shares.
Was this Verizon (VZ) insider transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and no footnote indicates that the September 10, 2026 phantom stock acquisition was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
