Verizon (VZ) CEO Schulman adds 234 phantom stock units via deferred plan

Rhea-AI Filing Summary

Verizon Communications CEO Daniel H. Schulman reported an acquisition of derivative securities through a deferred compensation plan. On January 29, 2026, 234.151 units of phantom stock (unitized) were credited at a reference price of $11.37 per unit, bringing his indirect holdings in this phantom stock to 1,979.721 units.

Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock but is settled in cash rather than stock. These amounts become payable upon events that Schulman has established under the company’s deferred compensation plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SCHULMAN DANIEL H

Role CEO

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

Holdings After Transaction: Phantom Stock (unitized) — 1,979.721 shares (Indirect, By Deferred Compensation Plan)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

SCHULMAN DANIEL H

(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
X	Officer (give title below)		Other (specify below)
	CEO

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	1,979.721	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.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Daniel H. Schulman	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.

FAQ

What insider transaction did Verizon (VZ) CEO Daniel H. Schulman report?

Daniel H. Schulman reported receiving 234.151 units of phantom stock through a deferred compensation plan. These cash-settled units track the value of Verizon common stock and increased his indirect phantom stock holdings to 1,979.721 units as of January 29, 2026.

What is the nature of the phantom stock reported in Verizon (VZ) CEO’s Form 4?

The phantom stock is a cash-settled derivative that economically mirrors a portion of one Verizon common share. It is credited under a deferred compensation plan and becomes payable upon specific events Schulman established in line with that plan’s rules.

How many Verizon phantom stock units does Daniel H. Schulman now beneficially own?

After the reported transaction, Schulman indirectly beneficially owns 1,979.721 units of Verizon phantom stock. This balance reflects the newly acquired 234.151 units credited on January 29, 2026, within the company’s deferred compensation plan structure.

How was the Verizon (VZ) phantom stock transaction for Daniel H. Schulman priced?

The 234.151 phantom stock units were recorded at a reference price of $11.37 per unit. This price is used for accounting the deferred compensation units, which are ultimately settled in cash based on the value of Verizon common stock.

Is Daniel H. Schulman’s Verizon phantom stock held directly or indirectly?

The phantom stock units are held indirectly through a deferred compensation plan. The Form 4 lists the ownership as indirect, with the nature of ownership described as “By Deferred Compensation Plan,” reflecting plan-based, cash-settled compensation rather than directly held shares.