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Verizon SVP Adds 46 Phantom Units in Deferred-Comp Plan

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

Rhea-AI Filing Summary

Form 4 filing for Verizon Communications Inc. (VZ) – 7 July 2025

Senior Vice-President & Controller Mary-Lee Stillwell reported one transaction dated 2 July 2025. The filing discloses the acquisition (Code "A") of 46.387 phantom-stock units under Verizon’s deferred-compensation plan. Each phantom-stock unit represents the economic value of a portion of one Verizon common share and is settled in cash, not stock, upon events chosen by the executive. The units were booked at an indicated reference price of $12.44.

Following the transaction, Stillwell’s indirect beneficial interest in the plan totals 12,044.045 phantom-stock units. Ownership is recorded as Indirect (I) – By Deferred Compensation Plan; no direct share ownership changes were reported and Table I (non-derivative securities) shows no activity.

The filing is routine in nature, reflects a modest increase in deferred-compensation balances, and does not involve open-market purchases or sales of Verizon common stock.

Positive

  • None.

Negative

  • None.

Insights

TL;DR – Small, routine deferred-comp acquisition; negligible market impact.

The transaction involves 46.387 phantom-stock units credited to Stillwell’s deferred-comp plan at $12.44, lifting her total to 12,044.045 units. Because phantom stock is cash-settled and not an actual share purchase, it does not directly alter insider share float or voting power. The size—roughly 0.0003% of Verizon’s 4.2 billion shares outstanding—is immaterial for valuation. Therefore, the filing is classified as neutral; investors typically regard such entries as administrative rather than signaling.

Insider Stillwell Mary-Lee
Role SVP and Controller
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 46.387 $12.44 $577.05
Holdings After Transaction: Phantom Stock (unitized) — 12,044.045 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.
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FAQ

What insider transaction did Verizon (VZ) report on 7 July 2025?
SVP & Controller Mary-Lee Stillwell acquired 46.387 phantom-stock units on 2 July 2025 under the deferred-compensation plan.

Did the filing involve open-market purchases of Verizon shares?
No. The report covers phantom stock units that are settled in cash, not an open-market share purchase or sale.

How many phantom-stock units does the executive now hold?
After the transaction, Stillwell beneficially owns 12,044.045 phantom-stock units indirectly through the plan.

What was the reference price for the phantom-stock units?
The units were booked at a reference value of $12.44 per unit.

Does the Form 4 indicate any changes in direct stock ownership?
No. Table I shows no non-derivative activity; all reported ownership remains indirect via the 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
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*
Stillwell Mary-Lee
(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)
SVP and Controller
3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025
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) 07/02/2025 A 46.387 (1) (1) Common Stock 13 $12.44 12,044.045(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 Mary-Lee Stillwell 07/07/2025
** 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