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Verizon (VZ) SVP Stillwell adds phantom stock units in deferred plan

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

Rhea-AI Filing Summary

Verizon Communications Inc. senior vice president and controller Mary-Lee Stillwell reported an acquisition of phantom stock under a deferred compensation plan. She received 48.742 phantom stock units at $11.99 per unit, linked to 14 shares of common stock, bringing her indirect deferred compensation balance to 16,680.794 units. These phantom shares are cash-settled and become payable upon events she selected under the plan.

Positive

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Negative

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Insider Stillwell Mary-Lee
Role SVP and Controller
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 48.742 $11.99 $584.42
Holdings After Transaction: Phantom Stock (unitized) — 16,680.794 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.
Phantom stock units acquired 48.742 units Grant under deferred compensation plan on 2026-07-01
Unit value $11.99 per unit Crediting price for phantom stock
Phantom units after transaction 16,680.794 units Total indirect phantom stock holdings after grant
Underlying common stock equivalent 14 shares Underlying common stock tied to this phantom stock transaction
Conversion price $0.00 Phantom stock is cash-settled, not exercised like options
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)""
Deferred Compensation Plan financial
"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.
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.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By Deferred Compensation Plan""
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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*
Stillwell Mary-Lee
(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)
SVP and Controller
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		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)07/01/2026A48.742 (1) (1)Common Stock14$11.9916,680.794(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 Mary-Lee Stillwell07/06/2026
** 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

FAQ

What insider transaction did Verizon (VZ) report for Mary-Lee Stillwell?

Verizon reported that SVP and Controller Mary-Lee Stillwell acquired 48.742 phantom stock units. These units are part of a deferred compensation plan and are economically tied to Verizon common stock but are settled in cash when specific payout events occur.

How many phantom stock units does Mary-Lee Stillwell hold after this Form 4?

After the reported transaction, Mary-Lee Stillwell holds 16,680.794 phantom stock units indirectly. These units, some of which were also acquired through dividend reinvestment, represent deferred compensation that will be paid in cash based on plan terms.

What is the value per phantom stock unit in the Verizon (VZ) deferred plan?

Each phantom stock unit in this transaction was credited at $11.99 per unit. The phantom stock is economically equivalent to a portion of one Verizon common share and is tracked for cash settlement rather than delivered as actual stock.

Does the Verizon (VZ) phantom stock grant involve actual common shares?

The phantom stock grant does not involve issuing actual common shares. Each unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash when the deferred compensation payout conditions are met.

How is the Verizon (VZ) phantom stock held for Mary-Lee Stillwell?

The phantom stock is held indirectly for Mary-Lee Stillwell through a deferred compensation plan. The Form 4 lists her ownership type as indirect, reflecting that the units are credited within the plan rather than as directly held Verizon shares.