Verizon (VZ) EVP Kyle Malady adds phantom stock units via deferred plan

Rhea-AI Filing Summary

Malady Kyle reported acquisition or exercise transactions in this Form 4 filing.

VERIZON COMMUNICATIONS INC executive Kyle Malady received a compensation-related grant of phantom stock units under a deferred compensation plan. The award covers 132.86 phantom stock units, economically tied to 38 shares of common stock and settled in cash, held indirectly through the plan. Following this grant, his deferred compensation plan balance totals 417,410.805 phantom stock units, including amounts accumulated through dividend reinvestment. This is not an open-market stock purchase or sale but an internal, cash-settled benefit.

Insights

Compensation & Governance Analyst

Routine phantom stock grant adds to deferred pay, no market trade.

Kyle Malady, EVP and Group CEO of Verizon Business, received 132.86 phantom stock units, economically linked to 38 common shares and settled in cash. These units are held indirectly via a deferred compensation plan and pay out based on pre-set events.

Because phantom stock is cash-settled and not actual share ownership, this filing does not reflect an open-market buy or sell of Verizon stock. The grant modestly increases Malady’s deferred compensation, with 417,410.805 phantom units now credited, including units from dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	132.86	$13.08	$2K

Holdings After Transaction: Phantom Stock (unitized) — 417,410.805 shares (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. 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.
2. F2. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units granted: 132.86 units Unit price of phantom stock: $13.08 per unit Underlying common shares: 38 shares +1 more

4 metrics

Phantom stock units granted 132.86 units Grant under deferred compensation plan

Unit price of phantom stock $13.08 per unit Value basis for new phantom units

Underlying common shares 38 shares Economic equivalent tied to the grant

Total phantom units after grant 417,410.805 units Balance in deferred compensation plan after transaction

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, Grant, award, or other acquisition, economic equivalent, +1 more

5 terms

Phantom Stock (unitized) financial

"security_title: "Phantom Stock (unitized)""

Deferred Compensation Plan financial

"nature_of_ownership: "By 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.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

economic equivalent financial

"Each share of phantom stock is the economic equivalent of a portion of one share"

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.

FAQ

What did Verizon (VZ) executive Kyle Malady report in this Form 4?

Kyle Malady reported receiving 132.86 phantom stock units under a deferred compensation plan. These units are cash-settled and economically tied to 38 Verizon common shares, increasing his deferred compensation balance to 417,410.805 phantom units, including dividend reinvestment.

Is Kyle Malady buying or selling Verizon (VZ) stock in this transaction?

No, this filing does not show a market trade in Verizon stock. It records a grant of 132.86 cash-settled phantom stock units in a deferred compensation plan, economically linked to 38 common shares but without direct share purchases or sales on the open market.

How many phantom stock units does Kyle Malady hold after this grant at Verizon (VZ)?

After this grant, Kyle Malady has 417,410.805 phantom stock units credited in the deferred compensation plan. This total includes the newly awarded 132.86 units and earlier phantom units accumulated through prior grants and dividend reinvestment, all settled in cash rather than shares.

What is the value basis of the new phantom stock grant reported by Verizon (VZ)?

The grant reflects 132.86 phantom stock units at an indicated unit price of $13.08. Each phantom unit represents the economic equivalent of a portion of one Verizon common share, but the award will ultimately be settled in cash according to the deferred compensation plan terms.

Does this Verizon (VZ) Form 4 affect the company’s share count?

This Form 4 does not directly affect Verizon’s share count. The reported phantom stock units are cash-settled and represent an economic tracking vehicle, not newly issued or purchased shares, so they do not change the number of Verizon common shares outstanding.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/18/2026 - 02:05 PM Accepted by SEC EDGAR 06/18/2026 - 02:04 PM Learn about SEC filing dates

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^*

Malady Kyle

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK 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 and Group CEO-VZ Business

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)
			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)	06/17/2026		A		132.86		(1)	(1)	Common Stock	38	$13.08	417,410.805(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 Kyle Malady	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)