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Verizon Chief Vestberg Increases Stake via Deferred Compensation Program

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

Rhea-AI Filing Summary

Verizon Communications Chairman and CEO Hans Erik Vestberg reported a phantom stock acquisition on June 18, 2025. Key details of the transaction include:

  • Acquired 223.145 units of phantom stock at $11.89 per unit
  • Total beneficial ownership following transaction: 194,689.865 units
  • Held indirectly through Deferred Compensation Plan
  • Each phantom stock unit represents a portion of one common stock share and is settled in cash
  • Payment timing is based on events established by the reporting person under the deferred compensation plan

This Form 4 filing indicates continued executive participation in Verizon's deferred compensation program, with the position including additional units acquired through dividend reinvestment. The transaction aligns executive interests with long-term company performance through phantom stock that tracks Verizon's common stock value.

Positive

  • None.

Negative

  • None.
Insider Vestberg Hans Erik
Role Chairman and CEO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 223.145 $11.89 $3K
Holdings After Transaction: Phantom Stock (unitized) — 194,689.865 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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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*
Vestberg Hans Erik
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
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) 06/18/2025 A 223.145 (1) (1) Common Stock 64 $11.89 194,689.865(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.
Evgeniya Berezkina, Attorney-in-fact for Hans Erik Vestberg 06/20/2025
** 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 VZ's CEO Hans Vestberg report on June 18, 2025?

On June 18, 2025, VZ's Chairman and CEO Hans Vestberg acquired 223.145 units of phantom stock through the company's deferred compensation plan. The phantom stock was valued at $11.89 per unit and is economically equivalent to a portion of one share of common stock, to be settled in cash.

How many phantom stock units does VZ CEO Vestberg own after the June 2025 transaction?

Following the reported transaction, Hans Vestberg beneficially owns 194,689.865 units of phantom stock through Verizon's Deferred Compensation Plan. This total includes phantom stock acquired through dividend reinvestment.

What type of securities did VZ's CEO acquire in the Form 4 filing dated June 28, 2025?

According to the Form 4 filing, CEO Hans Vestberg acquired phantom stock units, which are derivative securities that are economically equivalent to a portion of one share of VZ common stock. These units are settled in cash and become payable based on events established under the deferred compensation plan.

Who filed the Form 4 on behalf of VZ's CEO Vestberg?

The Form 4 was filed by Evgeniya Berezkina, serving as Attorney-in-fact for Hans Erik Vestberg, and was signed on June 20, 2025.