Verizon CEO Schulman awarded phantom stock units
SCHULMAN DANIEL H reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SCHULMAN DANIEL H reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications Inc. director and CEO Daniel H. Schulman reported a grant of 202.1990 units of unitized phantom stock on July 30, 2026, held indirectly through a deferred compensation plan and economically tied to Verizon common stock. Following this award, including amounts from dividend reinvestment, his deferred phantom stock balance is 8,717.2720 units, linked to 58.0000 underlying common shares for this transaction and settled in cash upon specified plan events.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 202.199 shares
Grant/Award
1 txn
Insider
SCHULMAN DANIEL H
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 202.199 | $13.16 | $3K |
Holdings After Transaction:
Phantom Stock (unitized) — 8,717.272 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 granted: 202.1990 units
Reference value per phantom unit: $13.1600
Total phantom stock units after grant: 8,717.2720 units
+2 more
5 metrics
Phantom stock units granted
202.1990 units
Grant/award acquisition on July 30, 2026
Reference value per phantom unit
$13.1600
Value per unit for the July 30, 2026 phantom stock grant
Total phantom stock units after grant
8,717.2720 units
Indirect holdings via Deferred Compensation Plan following the transaction, including dividend reinvestment
Underlying common stock shares
58.0000 shares
Common stock underlying this phantom stock award
Transaction date
2026-07-30
Date of phantom stock grant/award acquisition
Key Terms
Phantom Stock (unitized), deferred compensation plan, phantom stock, dividend reinvestment
4 terms
Phantom Stock (unitized) financial
"Security reported as Phantom Stock (unitized) tied to common stock"
deferred compensation plan financial
"Payable upon events set under 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.
phantom stock financial
"Each share of phantom stock is the economic equivalent of a portion"
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.
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 Daniel H. Schulman report for Verizon (VZ)?
Daniel H. Schulman reported a grant of 202.1990 phantom stock units tied to Verizon common stock. The units are held indirectly through a deferred compensation plan and increase his phantom stock balance to 8,717.2720 units, including amounts from dividend reinvestment.
How many phantom stock units does Daniel H. Schulman hold after this VZ transaction?
After the transaction, Daniel H. Schulman holds 8,717.2720 phantom stock units in his deferred compensation plan. This total includes phantom stock acquired through dividend reinvestment, reflecting the cumulative value of prior awards and reinvested dividends.
What is the value per phantom stock unit in Daniel H. Schulman’s Verizon (VZ) award?
The reported grant reflects a reference value of $13.1600 per phantom stock unit. Each unit is the economic equivalent of a portion of one Verizon common share and is ultimately settled in cash rather than in actual stock.
How is Daniel H. Schulman’s Verizon (VZ) phantom stock held?
The phantom stock units are held indirectly through a Deferred Compensation Plan. This means the units represent a cash-settled, stock-linked benefit accrued within his deferred compensation account rather than direct ownership of Verizon common shares.
When do Daniel H. Schulman’s Verizon (VZ) phantom stock units become payable?
The phantom stock units become payable in cash upon events established by Daniel H. Schulman under the deferred compensation plan. These events are set in accordance with plan rules, such as specified retirement or distribution dates chosen by the reporting person.
What common stock underlies Daniel H. Schulman’s phantom stock award at Verizon (VZ)?
This reported phantom stock transaction is linked to 58.0000 shares of Verizon common stock as the underlying security. The phantom units mirror the economic performance of these shares but are not themselves actual stock and are settled in cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
