Verizon Communications (NYSE: VZ) SVP receives cash-settled phantom stock grant

Rhea-AI Filing Summary

Verizon Communications Inc. SVP and Controller Mary-Lee Stillwell reported an acquisition of 44.414 units of Phantom Stock (unitized) on 2026-07-30. These are held indirectly through a Deferred Compensation Plan and are economically tied to Verizon common stock but settled in cash, not shares. Following this grant and related dividend reinvestment, her Deferred Compensation Plan account reflects 16,771.864 phantom stock units, linked to 13 underlying shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stillwell Mary-Lee

Role SVP and Controller

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	44.414	$13.16	$584.49

Holdings After Transaction: Phantom Stock (unitized) — 16,771.864 shares (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: 44.414 units Reference value per phantom unit: $13.1600 Phantom stock units after transaction: 16771.8640 units +1 more

4 metrics

Phantom stock units acquired 44.414 units Grant/award acquisition on 2026-07-30

Reference value per phantom unit $13.1600 Value associated with 44.414 phantom stock units

Phantom stock units after transaction 16771.8640 units Total phantom stock holdings in Deferred Compensation Plan

Underlying common stock 13.0000 shares Underlying Verizon common stock linked to phantom units

Key Terms

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

3 terms

Phantom Stock (unitized) financial

"Security reported as Phantom Stock (unitized) tied to common stock value"

Deferred Compensation Plan financial

"Payable upon events set under 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.

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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 12:42 PM Accepted by SEC EDGAR 08/03/2026 - 12:41 PM Learn about SEC filing dates

FAQ

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

Mary-Lee Stillwell reported acquiring 44.414 units of Phantom Stock (unitized) tied to Verizon common stock. The award is held in a Deferred Compensation Plan and is settled in cash rather than by issuing Verizon shares.

How many phantom stock units does Stillwell now hold in Verizon (VZ)?

After the reported transaction, Stillwell’s Deferred Compensation Plan account reflects 16,771.864 phantom stock units. These phantom units track the value of Verizon common stock but are payable in cash upon specified deferred compensation events.

What is the value reference for the Verizon (VZ) phantom stock units granted?

The reported grant covers 44.414 phantom stock units at a reference value of $13.16 per unit. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock, with settlement in cash.

Are Verizon (VZ) shares actually issued for this phantom stock award?

No, the award consists of phantom stock units settled in cash, not actual Verizon shares. Although economically linked to Verizon common stock, payment occurs in cash upon events chosen under the Deferred Compensation Plan.

Is Stillwell’s Verizon (VZ) phantom stock held directly or indirectly?

The Form 4 identifies the holdings as indirect, owned "By Deferred Compensation Plan." This means the phantom stock units are credited to a plan account rather than being directly held shares in a brokerage or personal account.

Does the Verizon (VZ) Form 4 involve open-market buying or selling of stock?

No, the Form 4 reports a grant/award acquisition of phantom stock, not market trades in Verizon shares. The transaction reflects compensation-related units plus amounts from dividend reinvestment within a Deferred Compensation Plan.

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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2026

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)	07/30/2026		A		44.414		(1)	(1)	Common Stock	13	$13.16	16,771.864(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	08/03/2026
	** 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)