Verizon director awarded cash-settled phantom stock units
Verizon Communications Inc. director Hans Erik Vestberg reported an award of phantom stock units tied to the company’s common stock under a deferred compensation plan.
Rhea-AI Filing Summary
Verizon Communications Inc. director Hans Erik Vestberg reported an award of phantom stock units tied to the company’s common stock under a deferred compensation plan. On April 9, 2026, he acquired 195.245 phantom stock units at an attributed value of $13.63 per unit.
Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash, not stock. Following this award and prior accruals, Vestberg’s deferred compensation holdings total 225,010.470 phantom stock units, including amounts accumulated through dividend reinvestment.
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Insider Trade Summary
Grant/Award: 195.245 shares
Grant/Award
1 txn
Insider
Vestberg Hans Erik
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) | 195.245 | $13.63 | $3K |
Holdings After Transaction:
Phantom Stock (unitized) — 225,010.47 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: 195.245 units
Attributed value per unit: $13.63 per unit
Total phantom stock units after award: 225,010.470 units
+2 more
5 metrics
Phantom stock units granted
195.245 units
Award on April 9, 2026 under deferred compensation plan
Attributed value per unit
$13.63 per unit
Phantom stock grant valuation
Total phantom stock units after award
225,010.470 units
Deferred compensation balance following transaction
Underlying common stock reference
56.000 shares
Underlying Verizon common stock tied to this phantom stock entry
Conversion or exercise price
$0.00
Phantom stock units under deferred compensation plan
Key Terms
Phantom Stock (unitized), Deferred Compensation Plan, phantom stock, dividend reinvestment
4 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.
phantom stock financial
"Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash."
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 did Hans Erik Vestberg report in this Verizon (VZ) Form 4 filing?
Hans Erik Vestberg reported receiving an award of 195.245 phantom stock units under Verizon’s deferred compensation plan. These units reference Verizon common stock value but are paid in cash, not shares, when distributed according to the plan’s terms.
Is the Verizon (VZ) Form 4 transaction a stock purchase or sale?
The transaction is not a stock purchase or sale. Vestberg received a grant of phantom stock units as compensation. These units track Verizon’s share price but are settled in cash instead of issuing or trading actual Verizon shares.
How many phantom stock units does Hans Erik Vestberg now hold at Verizon (VZ)?
After this award, Hans Erik Vestberg holds 225,010.470 phantom stock units in total through the deferred compensation plan. This balance reflects the new 195.245 unit grant plus previously accrued amounts, including units added via dividend reinvestment.
What is the value per unit for the Verizon (VZ) phantom stock grant?
The reported grant uses a value of $13.63 per phantom stock unit. This figure represents the economic value attributed per unit for this award, which references Verizon’s common stock performance but is ultimately paid out in cash.
Does Hans Erik Vestberg hold the Verizon (VZ) phantom stock directly?
No. The phantom stock units are held indirectly through a Deferred Compensation Plan. The filing lists the ownership as indirect and specifies that the units become payable based on events Vestberg established under that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
