Verizon SVP granted deferred phantom stock units

Stillwell Mary-Lee reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Stillwell Mary-Lee reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications reported that SVP and Controller Mary-Lee Stillwell received a grant/award of 46.6560 phantom stock units on 2026-07-16 under a deferred compensation plan. These cash-settled phantom units track Verizon common stock value and include dividend reinvestment, bringing her indirect plan balance to 16727.4500 units.

Insider Trade Summary

Grant/Award: 46.656 shares

Grant/Award 1 txn

Insider Stillwell Mary-Lee

Role SVP and Controller

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	46.656	$12.53	$584.60

Holdings After Transaction: Phantom Stock (unitized) — 16,727.45 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 acquired: 46.6560 units Reference value per phantom unit: $12.5300 Phantom stock units after transaction: 16727.4500 units +1 more

4 metrics

Phantom stock units acquired 46.6560 units Grant/award acquisition on 2026-07-16 under deferred compensation plan

Reference value per phantom unit $12.5300 Transaction price per phantom stock unit for the reported award

Phantom stock units after transaction 16727.4500 units Total indirect holdings via deferred compensation plan following the award

Underlying common stock for this award 13.0000 shares Common stock economically referenced by this phantom stock transaction

Key Terms

Phantom Stock, Deferred Compensation Plan, dividend reinvestment, indirect ownership

4 terms

Phantom Stock financial

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

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

"events established by the reporting person 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.

indirect ownership financial

"total_shares_following_transaction held I, nature: By Deferred Compensation Plan"

FAQ

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

What insider transaction did Verizon (VZ) report for Mary-Lee Stillwell?

Verizon reported that SVP and Controller Mary-Lee Stillwell acquired 46.6560 phantom stock units on 2026-07-16. The units were credited under a deferred compensation plan and are economically tied to Verizon common stock but are settled in cash rather than actual shares.

How many phantom stock units did Verizon’s SVP and Controller receive in this Form 4 (VZ)?

Mary-Lee Stillwell received 46.6560 phantom stock units linked to Verizon common stock. The award was recorded at a reference value of $12.5300 per unit under the company’s deferred compensation plan, and forms part of her non-cash, cash-settled compensation.

How many phantom stock units does Mary-Lee Stillwell now hold indirectly at Verizon (VZ)?

After this transaction, Mary-Lee Stillwell indirectly holds 16727.4500 phantom stock units through a deferred compensation plan. This balance includes amounts acquired via dividend reinvestment and reflects cash-settled economic exposure to Verizon common stock rather than ownership of actual shares.

Are the Verizon (VZ) phantom stock units granted to Mary-Lee Stillwell settled in cash or stock?

The phantom stock units are settled in cash, not Verizon shares. Each phantom unit is the economic equivalent of a portion of one share of Verizon common stock and becomes payable upon events Ms. Stillwell established under the deferred compensation plan’s terms.

When do Mary-Lee Stillwell’s Verizon (VZ) phantom stock units become payable?

The phantom stock units become payable upon events established by Mary-Lee Stillwell in accordance with Verizon’s deferred compensation plan. These events govern when the cash value tied to the phantom stock, which tracks Verizon common stock, is distributed to her.

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

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Accepted by SEC EDGAR 07/17/2026 - 03:06 PM 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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026

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)	07/16/2026		A		46.656		(1)	(1)	Common Stock	13	$12.53	16,727.45(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 Mary-Lee Stillwell	07/17/2026
	** 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)