Verizon Communications (VZ) awards cash-settled phantom stock units to EVP Russo
Rhea-AI Filing Summary
Verizon Communications Inc. reported that executive officer Joseph J. Russo, EVP & President–Global Networks & Technology, acquired 80.2010 units of Phantom Stock (unitized) on August 13, 2026 through a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one share of common stock, is settled in cash, and in this transaction corresponds to 23.0000 underlying common shares. Following this grant and dividend reinvestment, Russo’s indirect holdings under the deferred compensation plan total 84,795.4060 phantom stock units.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Russo Joseph J.
Role
EVP&Pres-Global Networks&Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 80.201 | $13.76 | $1K |
Holdings After Transaction:
Phantom Stock (unitized) — 84,795.406 shares (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- 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.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock units acquired: 80.2010 units
Price per phantom stock unit: $13.7600
Total phantom units after transaction: 84,795.4060 units
+1 more
4 metrics
Phantom stock units acquired
80.2010 units
Grant/award acquisition on 2026-08-13 under deferred compensation plan
Price per phantom stock unit
$13.7600
Reported transaction price per phantom stock unit, footnote-qualified
Total phantom units after transaction
84,795.4060 units
Indirect holdings by deferred compensation plan following the grant
Underlying common shares
23.0000 shares
Underlying Verizon common stock equivalent for this phantom stock transaction
Key Terms
Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment, economic equivalent
4 terms
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)" reported as derivative security"
Deferred Compensation Plan financial
"nature_of_ownership noted as "By Deferred Compensation Plan" for the holdings"
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
"Footnote states "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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of a portion of one share"
FAQ
What did Verizon (VZ) disclose about Joseph J. Russo’s latest Form 4 transaction?
Verizon disclosed that Joseph J. Russo acquired 80.2010 phantom stock units on August 13, 2026 under a deferred compensation plan, increasing his indirect phantom stock holdings to 84,795.4060 units tied economically to Verizon common stock.
How is the phantom stock reported for Verizon (VZ) EVP Joseph J. Russo structured?
The phantom stock units are economic equivalents of portions of Verizon common shares and are settled in cash. In this transaction, 80.2010 units correspond to 23.0000 underlying common shares, with payout timing based on elections under the deferred compensation plan.
Is Joseph J. Russo’s phantom stock ownership in Verizon (VZ) direct or indirect?
The filing shows Russo’s holdings as indirect, with ownership noted as “By Deferred Compensation Plan.” This means the phantom stock units are held within a deferred compensation arrangement rather than as directly owned Verizon common stock shares.
What is the total phantom stock held for Joseph J. Russo after this Verizon (VZ) Form 4?
After the reported grant, Russo’s total indirect holdings under the plan are 84,795.4060 phantom stock units. This figure includes units acquired through dividend reinvestment, as specified in the filing’s footnotes.
Does the Verizon (VZ) Form 4 indicate market buying or selling by Joseph J. Russo?
No market trade is reported. The code “A” indicates a grant or award acquisition of phantom stock units under a compensation plan, rather than an open-market purchase or sale of Verizon common stock.
When will Joseph J. Russo receive value from these Verizon (VZ) phantom stock units?
The filing states that phantom stock units become payable upon events Russo established under the deferred compensation plan. Payment is settled in cash, not in Verizon shares, at those specified future events.
AI-generated analysis. How Rhea-AI works. Not financial advice.
