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Verizon (VZ) executive adds 93.074 phantom stock units, now holds 69,123.734

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Verizon Communications Inc. executive reports new phantom stock award. On 12/04/2025, an executive officer of Verizon, serving as EVP & President–Global Networks & Technology, acquired 93.074 phantom stock units under a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock, with the value settled in cash rather than actual share delivery. The filing shows these units correspond to 27 shares of common stock at a derivative security price of $11.78. Following this transaction, the executive beneficially owns 69,123.734 phantom stock units indirectly through the deferred compensation plan, which also reflects units accumulated through dividend reinvestment.

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Insider Russo Joseph J.
Role EVP&Pres-Global Networks&Tech
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 93.074 $11.78 $1K
Holdings After Transaction: Phantom Stock (unitized) — 69,123.734 shares (Indirect, By Deferred Compensation Plan)
Footnotes (1)
  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.
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*
Russo Joseph J.
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP&Pres-Global Networks&Tech
3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025
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) 12/04/2025 A 93.074 (1) (1) Common Stock 27 $11.78 69,123.734(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 Joseph J. Russo 12/05/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Verizon Communications (VZ) report in this Form 4?

The filing reports that a Verizon executive acquired 93.074 phantom stock units on 12/04/2025 under a deferred compensation plan, tied economically to Verizon common stock.

Who is the reporting person in this Verizon (VZ) Form 4 and what is their role?

The reporting person is a Verizon officer serving as EVP & President–Global Networks & Technology, classified on the form as an officer of Verizon Communications Inc.

How many Verizon (VZ) phantom stock units does the executive own after this transaction?

After the reported transaction, the executive beneficially owns 69,123.734 phantom stock units, held indirectly through a deferred compensation plan.

What does phantom stock mean in the context of Verizon (VZ) compensation?

For Verizon, each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash upon payout events under the deferred compensation plan.

What common stock does the reported Verizon (VZ) derivative security relate to?

The derivative security reported is phantom stock (unitized), which is linked to 27 shares of Verizon common stock at a derivative price of $11.78.

How are additional Verizon (VZ) phantom stock units accumulated in this plan?

The filing notes that the total includes phantom stock acquired through dividend reinvestment under the deferred compensation plan, increasing the number of units over time.