Verizon (NYSE: VZ) CEO logs new phantom stock grant
Rhea-AI Filing Summary
VERIZON COMMUNICATIONS INC (VZ) reported that director and CEO Daniel H. Schulman acquired additional derivative interests tied to Verizon common stock through a deferred compensation arrangement. On 2026-08-27, he received a grant of 188.6710 units of phantom stock (unitized), economically linked to Verizon common shares and settled in cash, held indirectly via a deferred compensation plan. This brought his total phantom stock balance in the plan to 9,222.3150 units, including amounts accumulated through dividend reinvestment, representing the economic equivalent of portions of common shares rather than actual stock ownership.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHULMAN DANIEL H
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 188.671 | $14.11 | $3K |
Holdings After Transaction:
Phantom Stock (unitized) — 9,222.315 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: 188.6710 units
Reference value per phantom stock unit: $14.1100
Total phantom stock units after transaction: 9,222.3150 units
+1 more
4 metrics
Phantom stock units acquired
188.6710 units
Grant/award acquisition on 2026-08-27 of phantom stock (unitized) tied to Verizon common stock
Reference value per phantom stock unit
$14.1100
Price field associated with the 188.6710 phantom stock units granted on 2026-08-27
Total phantom stock units after transaction
9,222.3150 units
Indirect holdings via deferred compensation plan following the 2026-08-27 grant, including dividend reinvestment
Underlying common stock equivalent
54.0000 shares
Underlying Verizon common stock linked to the reported phantom stock transaction
Key Terms
phantom stock, deferred compensation plan, dividend reinvestment, indirect ownership
4 terms
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.
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.
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.
indirect ownership financial
"ownership_type "indirect" with nature_of_ownership "By Deferred Compensation Plan""
FAQ
What did VZ CEO Daniel H. Schulman report in this Form 4?
He reported a grant of 188.6710 units of phantom stock on 2026-08-27, held indirectly through a deferred compensation plan and economically linked to Verizon common stock, with settlement in cash rather than actual share delivery.
How many phantom stock units linked to VZ does Daniel H. Schulman now hold?
After the reported grant, Daniel H. Schulman holds 9,222.3150 phantom stock units in total under the deferred compensation plan, representing the economic equivalent of portions of Verizon common shares and including units acquired through dividend reinvestment.
Does this VZ Form 4 reflect a market purchase or sale of common stock?
No. The Form 4 reflects a grant/award acquisition of phantom stock units in a deferred compensation plan, not a market purchase or sale of Verizon common shares. The phantom stock is a cash-settled derivative tied to Verizon’s stock.
How were dividends on VZ stock treated for Daniel H. Schulman’s phantom stock?
The filing notes that the reported total includes phantom stock acquired through dividend reinvestment, meaning cash-equivalent amounts of dividends attributable to the phantom stock position were reinvested into additional phantom stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
