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Verizon (VZ) SVP and Controller receives new phantom stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Verizon Communications Inc. reported that senior vice president and controller Mary-Lee Stillwell acquired additional deferred compensation tied to company stock. On February 12, 2026, she received 41.44 units of phantom stock at $14.11 per unit through a deferred compensation plan.

Following this transaction, she indirectly holds 13,429.679 phantom stock units through the plan. Each phantom stock unit represents the economic value of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events she established under the plan.

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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 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)
SVP and Controller
3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026
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) 02/12/2026 A 41.44 (1) (1) Common Stock 12 $14.11 13,429.679(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 02/17/2026
** 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 Verizon (VZ) report for Mary-Lee Stillwell?

Verizon reported that SVP and Controller Mary-Lee Stillwell acquired 41.44 phantom stock units on February 12, 2026. These units were granted through a deferred compensation plan and track the value of Verizon common stock.

How many Verizon phantom stock units does Mary-Lee Stillwell now hold?

After the reported transaction, Mary-Lee Stillwell beneficially holds 13,429.679 phantom stock units indirectly. These units are credited under a deferred compensation plan rather than as actual Verizon common shares in a brokerage account.

What is the price and size of the Verizon phantom stock award on February 12, 2026?

On February 12, 2026, Stillwell was credited with 41.44 phantom stock units at a reference price of $14.11 per unit. The filing characterizes this as a grant or other acquisition under the compensation plan.

How are Verizon phantom stock units for Mary-Lee Stillwell settled?

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share, but it is settled in cash. Payment occurs upon events Stillwell established in accordance with the deferred compensation plan rules.

Does Mary-Lee Stillwell hold Verizon phantom stock directly or indirectly?

The filing states that Stillwell’s 13,429.679 phantom stock units are held indirectly "By Deferred Compensation Plan." This indicates the position exists inside a company plan account, not as directly held Verizon shares.

What role does Mary-Lee Stillwell hold at Verizon (VZ)?

Mary-Lee Stillwell is identified as an officer of Verizon, serving as Senior Vice President and Controller. Her position makes her a reporting person for insider transactions involving Verizon-related compensation and equity-linked awards.
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