Verizon director awarded 5,062 phantom stock units
VERIZON COMMUNICATIONS INC director Shellye L. Archambeau reported an acquisition of 5,062 shares of phantom stock, each economically equivalent to one share of common stock and settled in cash.
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Form Type
4
Rhea-AI Filing Summary
VERIZON COMMUNICATIONS INC director Shellye L. Archambeau reported an acquisition of 5,062 shares of phantom stock, each economically equivalent to one share of common stock and settled in cash. These units, held through a deferred compensation plan, become payable after she leaves the board.
Following this grant, including amounts acquired through dividend reinvestment, Archambeau now holds 73,919 phantom stock units indirectly under the plan.
Insider Trade Summary
Grant/Award: 5,062 shares
Grant/Award
1 txn
Insider
ARCHAMBEAU SHELLYE L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,062 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 73,919 contracts (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock become payable following the reporting person's termination of service as a director.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock units granted: 5,062 units
Total phantom stock after transaction: 73,919 units
Transaction price per unit: $0.00
+1 more
4 metrics
Phantom stock units granted
5,062 units
Grant/award acquisition on April 1, 2026
Total phantom stock after transaction
73,919 units
Indirect holdings via Deferred Compensation Plan
Transaction price per unit
$0.00
Compensation grant, not an open-market purchase
Underlying security
5,062 shares of common stock equivalent
Each phantom stock unit equals one common share economically
Key Terms
Phantom Stock, Deferred Compensation Plan, dividend reinvestment
3 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent 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.
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 insider transaction did Verizon (VZ) report for Shellye L. Archambeau?
Verizon reported that director Shellye L. Archambeau acquired 5,062 shares of phantom stock. These units are the economic equivalent of common stock and increase her deferred compensation balance, bringing her total phantom stock holdings to 73,919 units held indirectly.
What is phantom stock in the Verizon (VZ) Form 4 filing?
In this filing, phantom stock represents units economically equivalent to Verizon common shares, but settled in cash instead of stock. The value tracks the stock price, and the units are paid out after the director’s service ends, functioning as deferred compensation.
When will Shellye Archambeau receive payment for the Verizon (VZ) phantom stock?
The phantom stock units become payable after Shellye Archambeau’s termination of service as a Verizon director. At that time, the value is settled in cash, based on the economic equivalent of Verizon common stock performance up to that point.
How many Verizon (VZ) phantom stock units does Shellye Archambeau hold after this grant?
After this transaction, Shellye Archambeau holds a total of 73,919 phantom stock units. This figure includes the newly granted 5,062 units as well as phantom stock previously accumulated, including amounts acquired through dividend reinvestment in the plan.
Does the Verizon (VZ) Form 4 reflect a stock market purchase or sale?
No, the Form 4 shows a grant of 5,062 phantom stock units as deferred compensation, not an open-market trade. The transaction carries a price of $0.00 per unit and is settled in cash in the future, rather than through share purchases or sales.
How is Shellye Archambeau’s ownership of Verizon (VZ) phantom stock classified?
Her 73,919 phantom stock units are reported as indirect ownership through a deferred compensation plan. The filing classifies the holdings as “By Deferred Compensation Plan,” indicating they are plan-based compensation rather than directly held Verizon common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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