Verizon (VZ) EVP Malady gains phantom stock units via deferred compensation

Rhea-AI Filing Summary

Verizon Communications Inc. executive Kyle Malady reported an acquisition of additional phantom stock units tied to Verizon common stock through a deferred compensation plan. On January 29, 2026, Malady acquired 152.942 phantom stock (unitized) at $11.37 per unit, held indirectly through a deferred compensation plan. Following this transaction, he beneficially owned 396,960.332 phantom stock units through the plan. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock, is settled in cash, and can include amounts acquired through dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	152.942	$11.37	$2K

Holdings After Transaction: Phantom Stock (unitized) — 396,960.332 shares (Indirect, By Deferred Compensation Plan)

Footnotes (1)

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Malady Kyle

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

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)
	EVP and Group CEO-VZ Business

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	01/29/2026		A		152.942		(1)	(1)	Common Stock	44	$11.37	396,960.332(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 Kyle Malady	01/30/2026
	** 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.

FAQ

What insider transaction did VZ executive Kyle Malady report?

Kyle Malady reported acquiring 152.942 phantom stock units tied to Verizon common stock. These units were obtained through a deferred compensation plan and increase his total beneficial holdings in this plan to 396,960.332 phantom stock units.

What type of security did Verizon (VZ) report in this Form 4 filing?

The filing reports derivative securities described as phantom stock (unitized). Each phantom stock unit is economically equivalent to a portion of one Verizon common share and is settled in cash under the company’s deferred compensation plan.

When did the reported phantom stock transaction for VZ occur?

The reported transaction occurred on January 29, 2026. On that date, Verizon executive Kyle Malady acquired additional phantom stock units through the company’s deferred compensation plan, as disclosed in the Form 4 insider trading report.

How many Verizon phantom stock units does the reporting person now hold?

After the reported acquisition, the reporting person beneficially owns 396,960.332 phantom stock units. These units are held indirectly through a deferred compensation plan and reflect prior accruals plus the newly acquired 152.942 units.

How is the Verizon (VZ) phantom stock in this filing settled?

The phantom stock is settled in cash, not Verizon shares. Each unit represents the economic equivalent of a portion of one common share and becomes payable upon events the reporting person establishes under the deferred compensation plan.

Does the VZ Form 4 mention dividend reinvestment in phantom stock?

Yes. The filing notes that the total includes phantom stock acquired through dividend reinvestment. This means some units were credited as dividends on existing phantom stock positions rather than through separate cash investments.