Verizon Communications Inc. (VZ) SVP receives 42.476 phantom stock units in cash-settled plan
Rhea-AI Filing Summary
Verizon Communications Inc. senior vice president and controller Mary-Lee Stillwell reported an indirect grant of 42.476 phantom stock (unitized) units under a deferred compensation plan on 2026-08-13. Each phantom stock unit is economically tied to common stock and is settled in cash, becoming payable upon specified plan events. Following this award, her indirect holdings in the plan total 17,061.448 phantom stock units, including amounts acquired through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stillwell Mary-Lee
Role
SVP and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 42.476 | $13.76 | $584.47 |
Holdings After Transaction:
Phantom Stock (unitized) — 17,061.448 shares (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 acquired: 42.4760 units
Price per phantom stock unit: 13.7600
Total phantom stock units after transaction: 17061.4480 units
+1 more
4 metrics
Phantom stock units acquired
42.4760 units
Grant, award, or other acquisition on 2026-08-13
Price per phantom stock unit
13.7600
Reported transaction price per unit, cash-settled phantom stock
Total phantom stock units after transaction
17061.4480 units
Indirect holdings via Deferred Compensation Plan following grant
Underlying common stock equivalent
12.0000 shares
Underlying common stock associated with the phantom stock units
Key Terms
Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment
3 terms
Phantom Stock (unitized) financial
"Each share of phantom stock is the economic equivalent of a portion of one share"
Deferred Compensation Plan financial
"The shares of phantom stock become payable upon events established in accordance with the 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
What insider transaction did Verizon (VZ) report for Mary-Lee Stillwell?
Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., reported an indirect grant of 42.476 phantom stock (unitized) units under a deferred compensation plan on 2026-08-13, linked economically to Verizon common stock and settled in cash.
How many phantom stock units does the Verizon (VZ) executive hold after this Form 4?
After the reported transaction, Mary-Lee Stillwell holds 17,061.448 phantom stock (unitized) units indirectly through a deferred compensation plan, reflecting the new 42.476-unit grant and prior balances, including units from dividend reinvestment.
What is phantom stock in the context of Verizon (VZ) executive compensation?
For this Verizon executive, each phantom stock (unitized) unit is the economic equivalent of a portion of one share of common stock but is settled in cash and becomes payable upon events specified under the deferred compensation plan.
Is the Verizon (VZ) insider’s phantom stock transaction a direct or indirect holding?
The reported 42.476 phantom stock units are held indirectly by Mary-Lee Stillwell through a Deferred Compensation Plan, as noted by the "By Deferred Compensation Plan" nature of ownership designation.
Were Verizon (VZ) dividends involved in the reported phantom stock holdings?
Yes. The total 17,061.448 phantom stock units held after the transaction includes phantom stock acquired through dividend reinvestment, indicating that plan dividends are reinvested into additional phantom stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
