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Verizon (VZ) consumer group EVP adds phantom stock units via deferred plan

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

Rhea-AI Filing Summary

Verizon Communications Inc. executive Alfonso Villanueva Rodriguez, EVP and Group CEO–VZ Consumer, reported an indirect award of 126.310 unitized phantom stock units under a deferred compensation plan. Following this grant, the deferred plan holds 6,962.921 phantom stock units, economically tied to Verizon common stock and settled in cash, including amounts acquired through dividend reinvestment and representing 36.000 underlying common shares.

Positive

  • None.

Negative

  • None.
Insider Villanueva Rodriguez Alfonso
Role EVP and Group CEO-VZ Consumer
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) F1, F2 126.31 $13.76 $2K
Holdings After Transaction: Phantom Stock (unitized) — 6,962.921 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 acquired 126.310 units Unitized phantom stock granted on 2026-08-13
Phantom stock holdings after transaction 6,962.921 units Total unitized phantom stock in deferred compensation plan after award
Underlying common shares 36.000 shares Common stock underlying the reported phantom stock award
Reference price per phantom unit $13.7600 per unit Reported transaction price per phantom stock unit for this grant
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.
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
"direct_or_indirect: I (indirect ownership via plan)"

FAQ

What did Verizon (VZ) executive Alfonso Villanueva Rodriguez report on this Form 4?
Alfonso Villanueva Rodriguez reported an indirect acquisition of 126.310 unitized phantom stock units under a deferred compensation plan, bringing the plan’s total phantom stock holdings to 6,962.921 units tied economically to Verizon common stock.

Is the Verizon (VZ) phantom stock award settled in shares or cash?
The phantom stock award is settled in cash, not in Verizon shares. Each phantom stock unit is the economic equivalent of a portion of one Verizon common share, with payment triggered by events under the deferred compensation plan.

How many underlying Verizon (VZ) common shares are associated with the new phantom stock units?
The newly reported phantom stock award corresponds to 36.000 underlying Verizon common shares. The filing notes that these are phantom stock units, economically linked to the stock and paid in cash rather than delivered as actual shares.

How is ownership of the Verizon (VZ) phantom stock characterized for this Form 4?
The phantom stock units are reported as indirect ownership, held “By Deferred Compensation Plan.” This means the holdings are maintained within a deferred compensation arrangement rather than as directly owned Verizon common stock.

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*
Villanueva Rodriguez Alfonso
(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)
EVP and Group CEO-VZ Consumer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026		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)08/13/2026A126.31 (1) (1)Common Stock36$13.766,962.921(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 Alfonso Villanueva Rodriguez08/14/2026
** 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