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.
Positive
- None.
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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)
- 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.
- 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
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
