Verizon Communications Inc. (NYSE: VZ) CEO adds phantom stock units

Rhea-AI Filing Summary

Verizon Communications Inc. director and CEO Daniel H. Schulman reported an indirect acquisition of phantom stock through a deferred compensation plan. On 12/18/2025, he acquired 230.047 phantom stock (unitized) derivative securities, each economically tied to a portion of one share of Verizon common stock and settled in cash, with 66 shares of common stock underlying this award. Following this transaction, he held 1,279.858 phantom stock units indirectly through the Deferred Compensation Plan.

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
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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)
12/18/2025

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)	12/18/2025		A		230.047		(1)	(1)	Common Stock	66	$11.54	1,279.858	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	12/19/2025
	** 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) report in this Form 4?

The Form 4 shows that Daniel H. Schulman, a director and CEO of Verizon Communications Inc., acquired 230.047 phantom stock (unitized) derivative securities on 12/18/2025 through a deferred compensation plan.

What are the terms of the phantom stock units reported by Verizon (VZ)?

Each share of phantom stock is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash. The phantom shares become payable upon events established by the reporting person under the deferred compensation plan.

How many Verizon phantom stock units does the reporting person hold after this transaction?

After the reported acquisition, Daniel H. Schulman beneficially owned 1,279.858 phantom stock units indirectly through the Verizon Deferred Compensation Plan.

How many Verizon common shares underlie the reported phantom stock units?

The phantom stock transaction reported is linked to 66 shares of Verizon common stock as the underlying security for the derivative position.

What is the ownership form of the Verizon phantom stock units?

The Form 4 identifies the phantom stock units as indirectly owned (I) by the reporting person, with the nature of ownership specified as "By Deferred Compensation Plan".

What is Daniel H. Schulman’s relationship to Verizon Communications Inc. (VZ)?

The filing lists Daniel H. Schulman as both a Director and an Officer of Verizon Communications Inc., with the officer title given as CEO.