Verizon EVP granted 87 phantom stock units

Verizon Communications executive Alfonso Villanueva Rodriguez reported a routine compensation-related award of phantom stock units under a deferred compensation plan.

Rhea-AI Filing Summary

Verizon Communications executive Alfonso Villanueva Rodriguez reported a routine compensation-related award of phantom stock units under a deferred compensation plan. He acquired 87.222 unitized phantom stock units at $11.99 per unit, economically linked to 25 shares of common stock and settled in cash.

Following this grant, his indirect holdings in phantom stock total 6,576.226 units through the deferred compensation plan, which may also reflect dividend reinvestment. This is not an open-market stock purchase or sale but a non-cash benefit tied to future payout events.

Insider Trade Summary

Grant/Award: 87.222 shares

Grant/Award 1 txn

Insider Villanueva Rodriguez Alfonso

Role EVP&Int.Group CEO-VZ Cons.&CTO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	87.222	$11.99	$1K

Holdings After Transaction: Phantom Stock (unitized) — 6,576.226 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 grant: 87.222 units Grant reference price: $11.99 per unit Underlying common shares: 25.0000 shares +2 more

5 metrics

Phantom stock grant 87.222 units Grant on 2026-07-01

Grant reference price $11.99 per unit Economic equivalent per phantom unit

Underlying common shares 25.0000 shares Underlying security for phantom stock

Phantom stock holdings after grant 6,576.226 units Indirect holdings via deferred compensation plan

Conversion/exercise price $0.0000 Phantom stock settled in cash, not exercised into shares

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment

3 terms

Phantom Stock (unitized) financial

"security_title: Phantom Stock (unitized)"

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Verizon (VZ) EVP Alfonso Villanueva Rodriguez report in this Form 4?

He reported receiving an award of 87.222 unitized phantom stock units as compensation. These units are linked to Verizon common stock value and are held indirectly through a deferred compensation plan rather than as directly owned shares.

Is the Verizon (VZ) Form 4 transaction an open-market stock purchase or sale?

No, the transaction is not an open-market trade. It is a grant of phantom stock units under a deferred compensation plan, classified as a compensation-related acquisition rather than a buy or sell of Verizon common stock in the market.

How many phantom stock units does the Verizon (VZ) executive hold after the grant?

After the grant, the executive’s indirect holdings total 6,576.226 phantom stock units. These units are maintained within a deferred compensation plan and are economically tied to Verizon’s common stock performance but are ultimately settled in cash.

What is the economic value link of the phantom stock units in Verizon (VZ)?

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share. They track the stock’s value and are settled in cash upon payout events defined under the company’s deferred compensation plan rather than delivering actual shares.

What underlying Verizon (VZ) common stock amount is associated with this phantom stock grant?

The reported phantom stock award is linked to 25 underlying shares of Verizon common stock. This linkage defines the economic reference for the units, but the plan specifies that settlement occurs in cash instead of delivering actual Verizon shares to the executive.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 11:16 AM EDT 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^*

Villanueva Rodriguez Alfonso

(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)
	EVP&Int.Group CEO-VZ Cons.&CTO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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)	07/01/2026		A		87.222		(1)	(1)	Common Stock	25	$11.99	6,576.226(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 Alfonso Villanueva Rodriguez	07/06/2026
	** 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)