Verizon (NYSE: VZ) EVP receives phantom stock award in deferred plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
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 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 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
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.