How many Verizon-related phantom stock units does the executive hold after this Form 4?

Following the reported award, the executive holds 6,489.004 phantom stock units indirectly via a deferred compensation plan. These units are economically linked to Verizon common stock and include amounts accumulated through dividend reinvestment in the plan.

Verizon (VZ) EVP receives cash-settled phantom stock award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Verizon Communications Inc. executive Alfonso Villanueva Rodriguez reported a routine compensation award of phantom stock units. On the reported date, he acquired 79.951 units of unitized phantom stock in a deferred compensation plan at an assigned value of $13.08 per unit. Each phantom stock unit is economically tied to a portion of one share of Verizon common stock and is settled in cash rather than actual shares. After this award and related dividend reinvestment, his deferred compensation holdings total 6,489.004 phantom stock units, indirectly held through the plan and linked to 23 underlying common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Villanueva Rodriguez Alfonso

Role EVP&Int.Group CEO-VZ Cons.&CTO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	79.951	$13.08	$1K

Holdings After Transaction: Phantom Stock (unitized) — 6,489.004 shares (Indirect, By Deferred Compensation Plan)

Footnotes (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. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units awarded: 79.951 units Reported unit value: $13.08 per unit Total phantom units after award: 6,489.004 units +1 more

4 metrics

Phantom stock units awarded 79.951 units Grant/award acquisition on reported transaction date

Reported unit value $13.08 per unit Assigned economic value for phantom stock units

Total phantom units after award 6,489.004 units Deferred compensation plan balance following transaction

Underlying common shares 23 shares Common stock equivalent referenced for phantom units

Key Terms

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

3 terms

Phantom Stock (unitized) financial

"Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash."

Deferred Compensation Plan financial

"The shares of phantom stock become payable upon events established by the reporting person in accordance with the 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.

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Form 4 Insider Transactions: What Each Field Means →

06/18/2026 - 02:07 PM

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^*

Villanueva Rodriguez Alfonso

(Last)

(First)

(Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

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&Int.Group CEO-VZ Cons.&CTO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock (unitized)	⁽¹⁾	06/17/2026		A		79.951		⁽¹⁾	⁽¹⁾	Common Stock	23	$13.08	6,489.004⁽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 Alfonso Villanueva Rodriguez	06/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Verizon (VZ) executive Alfonso Villanueva Rodriguez report in this Form 4?

He reported an acquisition of 79.951 phantom stock units through a deferred compensation plan. These units are tied to Verizon’s common stock value but are settled in cash rather than actual shares, reflecting routine executive compensation activity.

Is the Verizon (VZ) Form 4 transaction an open-market stock purchase or sale?

No, the transaction is not an open-market trade. It is a grant or award of phantom stock units within a deferred compensation plan, classified as an acquisition under code A, and does not involve buying or selling Verizon shares in the market.

What is phantom stock in the context of Verizon (VZ) executive compensation?

Phantom stock represents a cash-settled incentive tied to the value of Verizon common stock. Each unit is the economic equivalent of part of a share, pays out in cash under the deferred compensation plan, and does not convey voting or ownership rights in actual shares.

What is the economic value used for the new Verizon (VZ) phantom stock units?

The newly awarded 79.951 phantom stock units use an assigned value of $13.08 per unit for reporting. This figure reflects the economic basis for the phantom stock calculation within the deferred compensation plan, not a market trade price.