Verizon Communications (NYSE: VZ) EVP granted additional phantom stock units
Rhea-AI Filing Summary
Verizon Communications executive Joseph J. Russo, EVP & President-Global Networks & Technology, reported an acquisition of 83.860 unitized phantom stock on July 30, 2026, held indirectly through a deferred compensation plan. This phantom stock is cash-settled, economically tied to common stock, and becomes payable upon future events selected under the plan. Following this award and related dividend reinvestment, Russo now holds 83,481.068 phantom stock units, corresponding to 24 underlying shares of common stock within the plan.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Russo Joseph J.
Role
EVP&Pres-Global Networks&Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 83.86 | $13.16 | $1K |
Holdings After Transaction:
Phantom Stock (unitized) — 83,481.068 shares (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- 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.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock units acquired: 83.8600 units
Total phantom stock after transaction: 83481.0680 units
Underlying common stock: 24.0000 shares
3 metrics
Phantom stock units acquired
83.8600 units
Grant of unitized phantom stock on July 30, 2026
Total phantom stock after transaction
83481.0680 units
Indirect holdings via deferred compensation plan after award and dividend reinvestment
Underlying common stock
24.0000 shares
Common stock underlying the reported phantom stock award
Key Terms
Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment
3 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.
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.
FAQ
What did Verizon (VZ) executive Joseph J. Russo acquire in this Form 4?
Joseph J. Russo acquired 83.860 unitized phantom stock linked to Verizon common stock, held indirectly via a deferred compensation plan. This award is cash-settled and increases his total phantom stock holdings to 83,481.068 units after the transaction and dividend reinvestment.
How many phantom stock units does Verizon (VZ) executive Joseph J. Russo now hold?
After the reported transaction, Joseph J. Russo holds 83,481.068 phantom stock units in Verizon, indirectly through a deferred compensation plan. This balance includes units acquired via dividend reinvestment in addition to the newly awarded 83.860 units.
How is the phantom stock for Verizon (VZ) executive Joseph J. Russo settled?
Russo’s phantom stock is settled in cash rather than actual Verizon shares. Each unit is the economic equivalent of a portion of one share of common stock and becomes payable upon specified events under the deferred compensation plan that Russo has established.
Is Joseph J. Russo’s Verizon (VZ) phantom stock held directly or indirectly?
The phantom stock units are held indirectly by Joseph J. Russo through a deferred compensation plan. The nature of ownership is reported as indirect, reflecting plan-based holdings rather than shares owned outright in a traditional brokerage account.
What underlying Verizon (VZ) common stock amount is tied to Joseph J. Russo’s new phantom stock award?
The newly acquired phantom stock units correspond to 24 underlying shares of Verizon common stock. Each phantom stock unit represents the economic equivalent of a portion of a share, with final value delivered in cash according to plan terms.