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Verizon (VZ) SVP Stillwell receives phantom stock grant via deferred compensation plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Verizon Communications SVP and Controller Mary-Lee Stillwell reported receiving an award of 44.679 units of phantom stock (unitized) on June 17, 2026 through a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock but is settled in cash rather than actual shares.

The award is classified as an indirect holding "By Deferred Compensation Plan" and is a grant or other acquisition, not an open-market trade. Following this award and prior phantom stock credited, including amounts acquired via dividend reinvestment, her total phantom stock balance in the plan is 16,632.052 units, with 13.000 underlying common shares referenced for this transaction.

Positive

  • None.

Negative

  • None.
Insider Stillwell Mary-Lee
Role SVP and Controller
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 44.679 $13.08 $584.40
Holdings After Transaction: Phantom Stock (unitized) — 16,632.052 shares (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.
Phantom stock units granted 44.679 units Grant on June 17, 2026 under deferred compensation plan
Reference price per phantom unit $13.08 per unit Transaction price per phantom stock unit for the award
Total phantom stock units after award 16,632.052 units Phantom stock balance following the reported transaction
Underlying common shares for this transaction 13.000 shares Underlying Verizon common stock associated with this phantom grant
Conversion or exercise price $0.00 Phantom stock units under deferred compensation plan
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
economic equivalent financial
"Each share of phantom stock is the economic equivalent of a portion of one share of common stock"

FAQ

What insider transaction did Verizon (VZ) report for Mary-Lee Stillwell?
Verizon reported that SVP and Controller Mary-Lee Stillwell received 44.679 units of phantom stock on June 17, 2026. This was a grant through a deferred compensation plan, classified as a derivative award rather than an open-market stock purchase or sale.

Is the Verizon (VZ) phantom stock award to Mary-Lee Stillwell a cash or stock transaction?
The phantom stock award is a cash-settled arrangement, not a delivery of actual Verizon shares. Each phantom stock unit is economically equivalent to a portion of one common share and becomes payable in cash under events defined in the deferred compensation plan.

How many phantom stock units does Mary-Lee Stillwell hold after this Verizon (VZ) Form 4?
After the reported award, Mary-Lee Stillwell’s deferred compensation plan account reflects 16,632.052 phantom stock units. This total includes the 44.679 new units and prior phantom stock, some of which was acquired through dividend reinvestment under the plan.

Does the Verizon (VZ) Form 4 show any open-market buying or selling by Mary-Lee Stillwell?
The Form 4 does not show any open-market buying or selling. It reports a single derivative transaction coded as a grant or award (code A), reflecting phantom stock credited under a deferred compensation plan rather than a market trade in Verizon common stock.

What is the implied value per unit in Mary-Lee Stillwell’s Verizon (VZ) phantom stock award?
The phantom stock grant is recorded at a reference value of $13.08 per unit for 44.679 units. This figure reflects the transaction price per phantom stock unit used for bookkeeping within the deferred compensation plan’s accounting of her award.

How many underlying Verizon (VZ) common shares relate to this phantom stock transaction?
The filing associates 13.000 underlying Verizon common shares with this phantom stock transaction. However, the phantom stock is cash-settled, meaning it mirrors the economic value of shares without delivering actual stock to Mary-Lee Stillwell’s ownership.

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

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Stillwell Mary-Lee
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP and Controller
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock (unitized)(1)06/17/2026A44.679 (1) (1)Common Stock13$13.0816,632.052(2)IBy 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 Mary-Lee Stillwell06/18/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR