Verizon EVP granted 135.7 phantom stock units

Malady Kyle reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Malady Kyle reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Kyle Malady, EVP and Group CEO of Verizon Business, received a grant of 135.715 phantom stock (unitized) units valued at $12.81 per unit. These units are held indirectly through a deferred compensation plan and are economically tied to 39 shares of common stock, settled in cash under plan terms. Following this grant and related dividend reinvestment, Malady holds a total of 417,277.945 phantom stock units under the plan.

Insider Trade Summary

Grant/Award: 135.715 shares

Grant/Award 1 txn

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	135.715	$12.81	$2K

Holdings After Transaction: Phantom Stock (unitized) — 417,277.945 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 units granted: 135.715 units Unit value: $12.81 per unit Underlying common stock equivalent: 39 shares +2 more

5 metrics

Phantom stock units granted 135.715 units Grant under deferred compensation plan on June 4, 2026

Unit value $12.81 per unit Reference price for phantom stock units granted

Underlying common stock equivalent 39 shares Economic equivalent linked to phantom stock grant

Total phantom stock after grant 417,277.945 units Holdings in deferred compensation plan after transaction

Conversion or exercise price $0.00 Phantom stock is cash-settled with no exercise price

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) executive Kyle Malady report in this Form 4 filing?

Kyle Malady reported receiving 135.715 phantom stock units through a deferred compensation plan. These units are economically linked to 39 Verizon common shares and increase his total phantom stock holdings to 417,277.945 units under the plan.

Is Kyle Malady buying or selling Verizon (VZ) stock in this Form 4?

The filing shows an acquisition of phantom stock units, not an open-market stock trade. Malady received 135.715 unitized phantom stock as a compensation-related award within a deferred compensation plan settled in cash, not through buying shares on the market.

What is the value of the phantom stock granted to Kyle Malady at Verizon (VZ)?

The phantom stock grant is based on a price of $12.81 per unit. Malady received 135.715 units, which are economically equivalent to a portion of Verizon common stock and are payable in cash under deferred compensation plan terms.

How many phantom stock units does Kyle Malady hold after this Verizon (VZ) transaction?

After the transaction, Malady holds 417,277.945 phantom stock units. This total includes the newly granted 135.715 units and phantom stock previously accumulated in the deferred compensation plan, including amounts acquired through dividend reinvestment.

Does Kyle Malady’s Form 4 for Verizon (VZ) involve cash-settled phantom stock?

Yes. Each phantom stock unit is the economic equivalent of a portion of one Verizon common share and is settled in cash. Payment occurs upon events Malady established under the company’s deferred compensation plan rather than through actual share delivery.

What does ‘By Deferred Compensation Plan’ mean in Kyle Malady’s Verizon (VZ) Form 4?

‘By Deferred Compensation Plan’ indicates Malady’s phantom stock is held indirectly through Verizon’s deferred compensation program. The plan tracks the value of common stock, settles in cash, and can accumulate additional phantom units via dividend reinvestment over time.

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

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Accepted by SEC EDGAR 06/05/2026 - 02:14 PM 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^*

Malady Kyle

(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 and Group CEO-VZ Business

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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)	06/04/2026		A		135.715		(1)	(1)	Common Stock	39	$12.81	417,277.945(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 Kyle Malady	06/05/2026
	** 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)