Verizon (NYSE: VZ) EVP receives phantom stock award under deferred plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
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 shares (Indirect, By Deferred Compensation Plan)
Footnotes (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.
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
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.