Verizon exec Malady granted 123 phantom units

VERIZON COMMUNICATIONS INC (VZ) reported that executive officer Kyle Malady, EVP and Group CEO–VZ Business, received an award of phantom stock units under a deferred compensation plan on 2026-08-27.

Rhea-AI Filing Summary

VERIZON COMMUNICATIONS INC (VZ) reported that executive officer Kyle Malady, EVP and Group CEO–VZ Business, received an award of phantom stock units under a deferred compensation plan on 2026-08-27. The award, held indirectly through the plan, represents additional phantom stock economically linked to Verizon common stock and payable in cash at future dates elected under the plan, including units acquired via dividend reinvestment.

Insider Trade Summary

Grant/Award: 123.236 shares

Grant/Award 1 txn

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	123.236	$14.11	$2K

Holdings After Transaction: Phantom Stock (unitized) — 424,261.753 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: 123.2360 units Phantom stock units following transaction: 424,261.7530 units Underlying common stock equivalent: 35.0000 shares +1 more

4 metrics

Phantom stock units acquired 123.2360 units Grant/award acquisition on 2026-08-27

Phantom stock units following transaction 424,261.7530 units Total phantom stock position in deferred compensation plan after award

Underlying common stock equivalent 35.0000 shares Underlying Verizon common stock referenced for this phantom stock transaction

Reference transaction value figure $14.1100 Footnote-qualified figure associated with the phantom stock grant on 2026-08-27

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, economic equivalent, dividend reinvestment

4 terms

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.

economic equivalent financial

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

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.

FAQ

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

What did Verizon (VZ) disclose about Kyle Malady’s latest Form 4 transaction?

Kyle Malady received a grant of phantom stock units on 2026-08-27 under a deferred compensation plan. The units are economically tied to Verizon common stock and are settled in cash upon future payment events elected under the plan.

How many phantom stock units did Kyle Malady acquire in this VZ Form 4?

Kyle Malady acquired 123.2360 phantom stock (unitized) units, representing an economic interest linked to Verizon common stock. After this award, his reported balance in this plan-related phantom stock position is 424,261.7530 units.

Is Kyle Malady’s phantom stock award in VZ settled in shares or cash?

The filing states that each share of phantom stock is the economic equivalent of a portion of one Verizon common share and is settled in cash, not in Verizon shares. Payment occurs upon events set under the deferred compensation plan.

How is the phantom stock held for Kyle Malady in Verizon (VZ)?

The phantom stock is reported as held indirectly, noted as “By Deferred Compensation Plan.” This means the position is maintained within a deferred compensation plan rather than as directly owned Verizon shares.

Does the VZ Form 4 note dividend reinvestment in Kyle Malady’s phantom stock?

Yes. A footnote explains that the reported total includes phantom stock acquired through dividend reinvestment, indicating that dividends attributable to the underlying economic interest are reinvested into additional phantom stock units.

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

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Available on EDGAR 08/31/2026 - 12:04 PM EDT Accepted by SEC EDGAR 08/31/2026 - 12:04 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^*

Malady Kyle

(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)
	EVP and Group CEO-VZ Business

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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)	08/27/2026		A		123.236		(1)	(1)	Common Stock	35	$14.11	424,261.753(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 Kyle Malady	08/31/2026
	** 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)