Verizon director granted 5,062 phantom stock units

Colao Vittorio reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Colao Vittorio reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications director Vittorio Colao reported an award of 5,062 phantom stock units under a deferred compensation plan. The units are a cash-settled incentive tied to Verizon common stock and increase his indirect holdings in this plan to 23,741 phantom stock units.

Each phantom stock unit is economically equivalent to one Verizon share but will be paid in cash after his service as a director ends. The filing notes that the total includes phantom stock accumulated through dividend reinvestment, highlighting this as routine, compensation-related activity rather than an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 5,062 shares

Grant/Award 1 txn

Insider Colao Vittorio

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	5,062	$0.00	$0.00

Holdings After Transaction: Phantom Stock — 23,741 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. F1. Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock become payable following the reporting person's termination of service as a director.
2. F2. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock granted: 5,062 units Phantom stock balance: 23,741 units Economic equivalence: 1 unit = 1 share

3 metrics

Phantom stock granted 5,062 units Award on April 1, 2026 under deferred compensation plan

Phantom stock balance 23,741 units Total phantom stock units following the reported transaction

Economic equivalence 1 unit = 1 share Each phantom stock unit equals one Verizon common share in value

Key Terms

Phantom Stock, Deferred Compensation Plan, dividend reinvestment

3 terms

Phantom Stock financial

"Each share of phantom stock is the economic equivalent of one share of common stock"

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

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Verizon (VZ) director Vittorio Colao report?

Vittorio Colao reported receiving 5,062 phantom stock units linked to Verizon common stock. These units were granted under a deferred compensation plan and are settled in cash, increasing his indirect phantom stock balance in the plan to 23,741 units.

Is Vittorio Colao’s Verizon (VZ) phantom stock award an open-market share purchase?

No, the 5,062 phantom stock units are a compensation award, not an open-market purchase. They are cash-settled instruments tied to Verizon’s share value and become payable only after Colao’s service as a director ends.

How many Verizon (VZ) phantom stock units does Vittorio Colao now hold?

After the April 1, 2026 award, Vittorio Colao indirectly holds 23,741 phantom stock units. This total reflects the new 5,062-unit grant and prior accruals, including additional units acquired through dividend reinvestment within the deferred compensation plan.

What does Verizon (VZ) mean by phantom stock in this Form 4 filing?

Phantom stock represents cash-settled units whose value tracks Verizon common shares. Each phantom stock unit is economically equivalent to one share of common stock, but the director receives cash instead of actual shares when the units become payable.

When will Vittorio Colao’s Verizon (VZ) phantom stock units be paid out?

The phantom stock units become payable after Vittorio Colao’s termination of service as a Verizon director. At that time, he will receive a cash payment based on the value of the phantom stock accumulated in the deferred compensation plan.

How were additional Verizon (VZ) phantom stock units accumulated for Vittorio Colao?

The filing notes that Colao’s phantom stock balance includes units acquired through dividend reinvestment. Instead of receiving cash dividends, additional phantom stock units are credited to his deferred compensation account as part of the plan’s design.

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Accepted by SEC EDGAR 04/02/2026 - 03:58 PM EDT 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^*

Colao Vittorio

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	(1)	04/01/2026		A		5,062		(1)	(1)	Common Stock	5,062	$0	23,741(2)	I	By Deferred Compensation Plan

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock become payable following the reporting person's termination of service as a director.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

Exhibit 24 - Power of Attorney.

	Evgeniya Berezkina, Attorney-in-fact for Vittorio Colao	04/02/2026
	** 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)