Verizon EVP granted cash-settled phantom stock units

Verizon Communications Inc. executive Kyle Malady, EVP and Group CEO–VZ Business, reported an indirect acquisition of 126.310 unitized phantom stock units linked to Verizon common stock under a deferred compensation plan.

Rhea-AI Filing Summary

Verizon Communications Inc. executive Kyle Malady, EVP and Group CEO–VZ Business, reported an indirect acquisition of 126.310 unitized phantom stock units linked to Verizon common stock under a deferred compensation plan. These cash-settled phantom stock units, including amounts from dividend reinvestment, brought his deferred phantom stock holdings to 424,138.517 units, economically tied to 36 underlying common shares for this transaction.

Insider Trade Summary

Grant/Award: 126.31 shares

Grant/Award 1 txn

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	126.31	$13.76	$2K

Holdings After Transaction: Phantom Stock (unitized) — 424,138.517 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.

Key Figures

Phantom stock units acquired: 126.3100 units Reference value per phantom unit: $13.7600 Total phantom stock units after transaction: 424138.5170 units +1 more

4 metrics

Phantom stock units acquired 126.3100 units Grant/award acquisition of unitized phantom stock on 2026-08-13

Reference value per phantom unit $13.7600 Price per unit for the reported phantom stock transaction, footnote-qualified

Total phantom stock units after transaction 424138.5170 units Indirect holdings via Deferred Compensation Plan following the transaction

Underlying common stock shares 36.0000 shares Underlying Verizon common stock equivalent associated with this phantom stock transaction

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment

3 terms

Phantom Stock (unitized) financial

"security_title: Phantom Stock (unitized)"

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 did Verizon (VZ) executive Kyle Malady report in this Form 4?

Kyle Malady reported an indirect acquisition of 126.310 unitized phantom stock units under a deferred compensation plan, increasing his reported phantom stock holdings to 424,138.517 units linked economically to Verizon common stock.

What type of security did Kyle Malady acquire according to the VZ Form 4?

He acquired phantom stock (unitized), which is economically linked to Verizon common stock but settled in cash. These units form part of his Deferred Compensation Plan rather than being actual shares of Verizon stock.

How many Verizon-related phantom stock units does Kyle Malady hold after this transaction?

After this reported acquisition, Kyle Malady holds 424,138.517 unitized phantom stock units indirectly through a Deferred Compensation Plan, reflecting both new awards and units accumulated, including through dividend reinvestment.

What is the valuation basis per unit in Kyle Malady’s VZ phantom stock grant?

The reported transaction shows 126.310 phantom stock units at a reference value of $13.76 per unit. A footnote states the price is qualified and that each phantom stock unit represents the economic equivalent of a portion of one Verizon common share.

How and when are Kyle Malady’s Verizon phantom stock units paid out?

The phantom stock units are settled in cash rather than stock and become payable upon events established by Kyle Malady in accordance with the Deferred Compensation Plan, such as specified distribution or retirement-related dates.

Does the VZ Form 4 indicate dividend reinvestment in Kyle Malady’s phantom stock?

Yes. A footnote specifies that his reported total of 424,138.517 phantom stock units includes phantom stock acquired through dividend reinvestment, reflecting cash-equivalent credits tied to Verizon dividends.

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

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Accepted by SEC EDGAR 08/14/2026 - 04:04 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^*

Malady Kyle

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Group CEO-VZ Business

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

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 (unitized)	(1)	08/13/2026		A		126.31		(1)	(1)	Common Stock	36	$13.76	424,138.517(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	08/14/2026
	** 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)