Verizon (VZ) EVP Kyle Malady adds 7,222.922 phantom stock units in plan

Rhea-AI Filing Summary

Verizon Communications executive Kyle Malady reported an acquisition of deferred compensation units. On the reported date, he received 7,222.922 unitized phantom stock equivalents at a reference price of $13.95 per unit through a deferred compensation plan, bringing his indirect holdings in this plan to 410,401.085 phantom stock units.

Each phantom stock unit is described as the economic equivalent of a portion of one share of Verizon common stock but is settled in cash rather than stock. The filing notes that these amounts become payable upon events Mr. Malady previously established under the deferred compensation plan and that the total includes phantom stock acquired through dividend reinvestment.

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^*

Malady Kyle

(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)
	EVP and Group CEO-VZ Business

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		7,222.922		(1)	(1)	Common Stock	2,061	$13.95	410,401.085(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 Kyle Malady	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.
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.

FAQ

What insider transaction did Verizon (VZ) report for Kyle Malady?

Verizon reported that executive Kyle Malady acquired 7,222.922 unitized phantom stock equivalents through a deferred compensation plan. These units increase his indirect deferred holdings to 410,401.085 phantom stock units, reflecting compensation tied to Verizon’s common stock value but settled in cash.

How many phantom stock units does Kyle Malady now hold indirectly at Verizon (VZ)?

After the reported award, Kyle Malady indirectly holds 410,401.085 unitized phantom stock equivalents in a deferred compensation plan. This total reflects both the newly acquired 7,222.922 units and additional phantom stock previously accumulated, including amounts from dividend reinvestment within the plan.

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

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash, not stock. Payout occurs upon events established by the reporting person under the deferred compensation plan, aligning compensation with share value without issuing actual shares.

At what reference price were Kyle Malady’s Verizon (VZ) phantom stock units recorded?

The 7,222.922 phantom stock units for Kyle Malady were recorded at a reference price of $13.95 per unit. This price is used for reporting purposes within the deferred compensation plan and helps quantify the value of the award tied to Verizon’s common stock performance.

How are Verizon (VZ) phantom stock units in this filing settled?

The phantom stock units in this filing are settled entirely in cash rather than Verizon common shares. They represent an economic equivalent of a portion of one share, with payment timing based on events specified by the executive under the company’s deferred compensation plan rules.

Does the Verizon (VZ) phantom stock total include dividend reinvestment?

Yes. The filing states that the phantom stock total includes units acquired through dividend reinvestment. This means dividends attributable to these deferred equivalents are automatically reinvested into additional phantom units, increasing the overall phantom stock balance over time for the reporting person.