Verizon Communications Inc (NYSE: VZ) grants cash-settled phantom stock to SVP
Filing Impact
Filing Sentiment
Form Type
4
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.
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) | 46.656 | $12.53 | $584.60 |
Holdings After Transaction:
Phantom Stock (unitized) — 16,727.45 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 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.