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.

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)

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 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.

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Available on EDGAR 09/11/2026 - 03:01 PM Accepted by SEC EDGAR 09/11/2026 - 03:00 PM 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^*

Stillwell Mary-Lee

(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)
	SVP and Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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)	09/10/2026		A		40.997		(1)	(1)	Common Stock	12	$14.26	17,143.887(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	09/11/2026
	** 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)