Verizon (VZ) SVP Stillwell reports 2,623-unit phantom stock award

Rhea-AI Filing Summary

Verizon Communications senior vice president and controller Mary-Lee Stillwell acquired 2,623.1080 units of Phantom Stock (unitized) under a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one Verizon common share, is settled in cash, and becomes payable upon events she elected under the plan. Following this grant and dividend reinvestment, her indirect holdings through the deferred compensation plan total 16,052.7870 phantom stock units.

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

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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 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)
	SVP and Controller

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		2,623.108		(1)	(1)	Common Stock	748	$13.95	16,052.787(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 Mary-Lee Stillwell	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.
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FAQ

What did Verizon (VZ) executive Mary-Lee Stillwell report in this Form 4?

Mary-Lee Stillwell reported acquiring 2,623.1080 phantom stock units. These units are part of a deferred compensation plan and increase her indirect holdings to 16,052.7870 units, aligning compensation with Verizon’s share performance while being settled entirely in cash.

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

The phantom stock units are cash-settled and mirror a portion of Verizon common stock. They are credited under a deferred compensation plan, track the company’s share value, and become payable upon events Stillwell established in accordance with that plan’s rules.

How many phantom stock units does the Verizon (VZ) executive hold after this transaction?

After this transaction, Stillwell’s indirect holdings total 16,052.7870 phantom stock units. This balance includes the new 2,623.1080-unit grant as well as phantom stock previously acquired through dividend reinvestment within the deferred compensation plan structure.

Is the Verizon (VZ) phantom stock grant to Mary-Lee Stillwell settled in shares or cash?

The phantom stock grant is settled in cash, not actual Verizon shares. Each unit represents the economic equivalent of a portion of one common share, with payments made in cash upon plan-specified events chosen by the executive participant.

How was the Verizon (VZ) phantom stock acquired according to the Form 4?

The phantom stock was acquired as a grant or award under a deferred compensation plan. Additional phantom stock units were also accumulated through dividend reinvestment, increasing Stillwell’s total indirect phantom holdings to 16,052.7870 units held via the plan.