Verizon director awarded 5,062 phantom stock units
VERIZON COMMUNICATIONS INC director Laxman Narasimhan received an award of 5,062 shares of phantom stock on April 1, 2026 under a deferred compensation plan.
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Form Type
4
Rhea-AI Filing Summary
VERIZON COMMUNICATIONS INC director Laxman Narasimhan received an award of 5,062 shares of phantom stock on April 1, 2026 under a deferred compensation plan. Each phantom stock unit is economically equivalent to one share of common stock and is settled in cash after his service as a director ends. Following this grant, he indirectly holds 33,125 phantom stock units, including amounts acquired through dividend reinvestment.
Insider Trade Summary
Grant/Award: 5,062 shares
Grant/Award
1 txn
Insider
Narasimhan Laxman
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,062 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 33,125 contracts (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock become payable following the reporting person's termination of service as a director.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock units granted: 5,062 units
Total phantom stock after grant: 33,125 units
Underlying common stock equivalent: 5,062 shares
+1 more
4 metrics
Phantom stock units granted
5,062 units
Award on April 1, 2026
Total phantom stock after grant
33,125 units
Indirect holdings following transaction
Underlying common stock equivalent
5,062 shares
Each phantom unit equals one common share economically
Transaction price per unit
$0.0000
Grant/award acquisition, cash-settled later
Key Terms
Phantom Stock, Deferred Compensation Plan, Grant, award, or other acquisition, Dividend reinvestment
4 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
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
"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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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) director Laxman Narasimhan report in this Form 4?
He reported receiving 5,062 phantom stock units on April 1, 2026. These units are part of a deferred compensation plan and are economically equivalent to Verizon common shares, but they are settled in cash rather than stock after his board service ends.
How many phantom stock units does Laxman Narasimhan hold after this Verizon (VZ) transaction?
After the award, he indirectly holds 33,125 phantom stock units. This total includes the new 5,062-unit grant plus prior phantom stock, and also reflects units accumulated through dividend reinvestment within the deferred compensation plan.
What is phantom stock in the context of Verizon (VZ) insider compensation?
Phantom stock is a cash-settled award whose value tracks Verizon common stock. Each phantom unit is economically equivalent to one common share, but it does not involve actual share issuance and is paid in cash at a specified future time, such as after board service ends.
How and when are Verizon (VZ) phantom stock units payable to the director?
The phantom stock units become payable following Laxman Narasimhan’s termination of service as a Verizon director. At that time, the units are settled in cash, based on their value as economic equivalents of Verizon common stock rather than being converted into actual shares.
Is this Verizon (VZ) Form 4 transaction a stock market purchase or sale?
No, it is a grant of 5,062 phantom stock units under a deferred compensation plan. The transaction is classified as an acquisition by award, with no open-market buying or selling of Verizon common shares involved in this particular filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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