Verizon EVP awarded 83 phantom stock units

Verizon Communications Inc. Executive Vice President Alfonso Villanueva Rodriguez reported an acquisition of phantom stock units under a deferred compensation plan.

Rhea-AI Filing Summary

Verizon Communications Inc. Executive Vice President Alfonso Villanueva Rodriguez reported an acquisition of phantom stock units under a deferred compensation plan. On 2026-07-16, he was credited with 83.489 unitized phantom stock derivatives, economically tied to common stock and settled in cash, increasing his indirect deferred-compensation balance to 6,659.715 phantom stock units, including amounts from dividend reinvestment.

Insider Trade Summary

Grant/Award: 83.489 shares

Grant/Award 1 txn

Insider Villanueva Rodriguez Alfonso

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	83.489	$12.53	$1K

Holdings After Transaction: Phantom Stock (unitized) — 6,659.715 contracts (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 acquired: 83.4890 units Transaction value basis: 12.5300 per unit Total phantom stock after transaction: 6659.7150 units +2 more

5 metrics

Phantom stock units acquired 83.4890 units Grant/award acquisition on 2026-07-16

Transaction value basis 12.5300 per unit Price associated with phantom stock units

Total phantom stock after transaction 6659.7150 units Indirect holdings via Deferred Compensation Plan

Underlying common stock 24.0000 shares Underlying security for the phantom stock derivative

Transaction date 2026-07-16 Date phantom stock units were credited

Key Terms

Phantom Stock (unitized), deferred compensation plan, dividend reinvestment

3 terms

Phantom Stock (unitized) financial

"security_title: Phantom Stock (unitized)"

deferred compensation plan financial

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Verizon (VZ) report for Alfonso Villanueva Rodriguez?

Verizon reported that Executive Vice President Alfonso Villanueva Rodriguez acquired 83.489 phantom stock (unitized) units on 2026-07-16. These units are held indirectly through a Deferred Compensation Plan and represent cash-settled economic exposure to Verizon common stock.

How many phantom stock units does the Verizon (VZ) executive hold after this Form 4?

After the reported transaction, the executive’s indirect holdings total 6,659.715 phantom stock units. This balance includes phantom stock acquired through dividend reinvestment under the deferred compensation plan, not just the 83.489 units from this grant.

Is the Verizon (VZ) phantom stock award an actual stock purchase?

No. Each share of phantom stock is settled in cash and is the economic equivalent of a portion of a Verizon common share. The transaction reflects a compensation-related award, not an open-market purchase or sale of Verizon stock.

What is the economic linkage of the Verizon (VZ) phantom stock units?

Each phantom stock unit is described as the economic equivalent of a portion of one share of common stock. The units are tied to Verizon’s common stock value but pay out in cash upon events specified in the deferred compensation plan.

When do the Verizon (VZ) phantom stock units become payable to the executive?

The phantom stock units become payable in cash upon events established by the reporting person in accordance with the deferred compensation plan. Specific payout timing is governed by that plan’s terms and the executive’s elections.

How many underlying common shares relate to the reported Verizon (VZ) phantom stock units?

The reported phantom stock derivative position references 24.0000 shares of Verizon common stock as the underlying security. This link defines the economic equivalence used to value the cash-settled phantom stock units in the deferred compensation plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/17/2026 - 03:33 PM EDT 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^*

Villanueva Rodriguez Alfonso

(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)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026

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)	07/16/2026		A		83.489		(1)	(1)	Common Stock	24	$12.53	6,659.715(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	07/17/2026
	** 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)