Verizon exec granted phantom stock units

Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, reported an award of phantom stock units under a deferred compensation plan.

Rhea-AI Filing Summary

Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, reported an award of phantom stock units under a deferred compensation plan. On July 1, 2026, he acquired 144.943 units of Phantom Stock (unitized), economically tied to 41 shares of common stock and settled in cash.

After this grant and related dividend reinvestment, his indirect holdings through the deferred compensation plan total 417,555.748 phantom stock units. This is a compensation-related, non-market transaction rather than an open-market purchase or sale of Verizon common shares.

Insider Trade Summary

Grant/Award: 144.943 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)	144.943	$11.99	$2K

Holdings After Transaction: Phantom Stock (unitized) — 417,555.748 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: 144.943 units Grant reference price: $11.99 per unit Underlying common shares: 41 shares +3 more

6 metrics

Phantom stock units granted 144.943 units Grant on July 1, 2026 under deferred compensation plan

Grant reference price $11.99 per unit Transaction price per phantom stock unit on July 1, 2026

Underlying common shares 41 shares Underlying Verizon common stock tied to this phantom award

Total phantom units after 417,555.748 units Indirect holdings via deferred compensation plan after transaction

Transaction code Code A Grant, award, or other acquisition of derivative security

Ownership type Indirect Held by Deferred Compensation Plan, not directly in a brokerage account

Key Terms

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

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.

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.

economic equivalent financial

"Each share of phantom stock is the economic equivalent of a portion of one share of common stock"

FAQ

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

What did Verizon (VZ) executive Kyle Malady report on this Form 4?

Kyle Malady reported a grant of phantom stock units under a deferred compensation plan. On July 1, 2026, he acquired 144.943 phantom stock (unitized) units, a non-market, compensation-related award economically linked to Verizon common stock.

How many Verizon phantom stock units does Kyle Malady hold after the transaction?

Following the award, Kyle Malady indirectly holds 417,555.748 phantom stock units through a deferred compensation plan. This figure includes units gained from the July 1, 2026 grant and additional phantom stock acquired via dividend reinvestment, as noted in the filing footnotes.

Is Kyle Malady’s Verizon phantom stock award an open-market purchase or sale?

The transaction is not an open-market trade. It is a Form 4 code A grant or award of phantom stock units under a deferred compensation plan, meaning it represents compensation rather than a discretionary buy or sell of Verizon common stock.

How are Verizon phantom stock units under the deferred compensation plan settled?

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash. Payment occurs upon events established by Kyle Malady in accordance with the deferred compensation plan’s terms, rather than through delivery of actual Verizon shares.

What underlying Verizon common stock exposure is linked to this phantom stock award?

The 144.943 phantom stock units granted on July 1, 2026 are economically tied to 41 underlying Verizon common shares. This linkage provides stock-based economic exposure while remaining within a cash-settled deferred compensation structure instead of issuing additional Verizon shares.

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

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Accepted by SEC EDGAR 07/06/2026 - 11:13 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^*

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)
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		144.943		(1)	(1)	Common Stock	41	$11.99	417,555.748(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	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)