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Verizon (VZ) EVP Villanueva gains 5,237 phantom stock units in cash-settled plan

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

Rhea-AI Filing Summary

Verizon Communications executive Alfonso Villanueva Rodriguez, EVP & International Group CEO for Verizon Consumer & CTO, reported an acquisition of phantom stock units through a deferred compensation plan. On February 26, 2026, he was granted 5,237.391 unitized phantom stock at a reference price of $13.95 per unit.

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash, not stock. The units become payable upon events elected by the executive under the deferred compensation plan and include amounts acquired through dividend reinvestment. Following this grant, his indirect deferred-compensation phantom stock balance is 5,786.854 units.

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Insider Villanueva Rodriguez Alfonso
Role EVP&Int.Group CEO-VZ Cons.&CTO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 5,237.391 $13.95 $73K
Holdings After Transaction: Phantom Stock (unitized) — 5,786.854 shares (Indirect, By Deferred Compensation Plan)
Footnotes (1)
  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.
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Form 4 Insider Transactions: What Each Field Means →
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*
Villanueva Rodriguez Alfonso
(Last) (First) (Middle)
VERIZON COMMUNICATIONS INC.
1095 AVENUE OF THE AMERICAS
(Street)
NEW YORK NY 10036
(City) (State) (Zip)
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)
EVP&Int.Group CEO-VZ Cons.&CTO
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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) 02/26/2026 A 5,237.391 (1) (1) Common Stock 1,494 $13.95 5,786.854(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 Alfonso Villanueva Rodriguez 02/27/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Verizon (VZ) report for Alfonso Villanueva Rodriguez?

Verizon reported that executive Alfonso Villanueva Rodriguez acquired 5,237.391 unitized phantom stock units via a deferred compensation plan, dated February 26, 2026, at a reference price of $13.95 per unit, increasing his indirect phantom stock holdings to 5,786.854 units.

What is the nature of the phantom stock reported for Verizon (VZ) executive Villanueva?

The phantom stock units are the economic equivalent of a portion of one Verizon common share but are settled entirely in cash. They track the value of Verizon stock and become payable upon events the executive selected under the company’s deferred compensation plan.

Is the Verizon (VZ) phantom stock grant to Alfonso Villanueva Rodriguez a stock purchase or a compensation award?

The transaction is reported as a grant or award acquisition of phantom stock under a deferred compensation plan, not an open-market stock purchase. It represents compensation linked to Verizon’s share value, payable in cash at designated future events.

How are Verizon (VZ) phantom stock units for Alfonso Villanueva Rodriguez held and reported?

The phantom stock units are held indirectly through a Verizon deferred compensation plan and reported as indirect ownership. The Form 4 notes the nature of ownership as “By Deferred Compensation Plan,” reflecting plan-based, cash-settled compensation rather than direct share ownership.

Do Verizon (VZ) phantom stock units for Alfonso Villanueva Rodriguez include dividend reinvestment?

Yes. The footnotes state that the reported balance includes phantom stock acquired through dividend reinvestment. This means dividends credited under the plan are converted into additional phantom stock units, increasing the total deferred compensation value over time.