Verizon director gets 234 phantom stock units

Verizon Communications Inc. director Hans Erik Vestberg reported an indirect award of phantom stock units tied to Verizon common stock through a deferred compensation plan.

Rhea-AI Filing Summary

Verizon Communications Inc. director Hans Erik Vestberg reported an indirect award of phantom stock units tied to Verizon common stock through a deferred compensation plan. On January 29, 2026, his plan account was credited with 234.151 phantom stock units at $11.37 per unit.

Following this transaction, Vestberg indirectly beneficially owned 204,795.566 phantom stock units through the deferred compensation plan. Each phantom stock unit is economically linked to a portion of one Verizon share but is settled in cash, not stock, and the balance also reflects units added through dividend reinvestment.

Insider Trade Summary

Grant/Award: 234.151 shares

Grant/Award 1 txn

Insider Vestberg Hans Erik

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	234.151	$11.37	$3K

Holdings After Transaction: Phantom Stock (unitized) — 204,795.566 contracts (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.

FAQ

What did Verizon (VZ) director Hans Erik Vestberg report in this Form 4?

Hans Erik Vestberg reported an indirect award of phantom stock units through a deferred compensation plan. On January 29, 2026, his plan account was credited with 234.151 phantom stock units at $11.37 per unit, increasing his total phantom holdings to 204,795.566 units.

What are the phantom stock (unitized) awards reported for Verizon (VZ)?

The filing shows 234.151 phantom stock (unitized) awards credited to a deferred compensation plan. Each unit is economically linked to a portion of one Verizon common share but is settled in cash, allowing value to track the stock without issuing actual shares.

How many phantom stock units does the Verizon (VZ) director now beneficially own?

After the reported transaction, Hans Erik Vestberg indirectly beneficially owns 204,795.566 phantom stock units. These units are held through a deferred compensation plan and represent cash-settled economic exposure to Verizon common stock rather than direct share ownership.

Was this Verizon (VZ) Form 4 an open-market stock purchase or sale?

No, the Form 4 reflects a deferred compensation transaction, not an open-market stock trade. Phantom stock units were credited to Hans Erik Vestberg’s deferred compensation plan account, providing cash-settled economic exposure to Verizon shares instead of direct common stock purchases or sales.

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

The phantom stock units are settled in cash, not Verizon shares. Payment occurs upon events established by Hans Erik Vestberg under the deferred compensation plan, and the balance also includes additional phantom units accumulated through dividend reinvestment over time.

What does “indirect ownership by Deferred Compensation Plan” mean for this Verizon (VZ) filing?

The indirect ownership notation means the phantom stock units are held in a deferred compensation plan account for Hans Erik Vestberg. He is the beneficiary of the plan’s economic value, but the units exist only as cash-settled bookkeeping entries rather than directly held Verizon common stock.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 01/30/2026 - 02:56 PM Learn about SEC filing dates

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^*

Vestberg Hans Erik

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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)	01/29/2026		A		234.151		(1)	(1)	Common Stock	67	$11.37	204,795.566(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 Hans Erik Vestberg	01/30/2026
	** 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.