[Form 4] Verizon Communications Insider Trading Activity
Joseph J. Russo, EVP & President – Global Networks & Tech at Verizon Communications (VZ), reported a non-cash acquisition of phantom stock units under the company’s deferred compensation plan. The Form 4 shows an acquisition on 08/14/2025 of 88.31 phantom stock units, which the filing explains are economic equivalents of portions of common shares and are settled in cash. The phantom units include amounts acquired through dividend reinvestment and will be payable according to elections made under the deferred compensation plan. The form was signed by an attorney-in-fact on 08/15/2025.
Joseph J. Russo, EVP e Presidente – Global Networks & Tech di Verizon Communications (VZ), ha registrato l’acquisizione non in contanti di phantom stock unit nell’ambito del piano di compensazione differita della società. Il Modulo 4 indica un’acquisizione in data 08/14/2025 di 88.31 phantom stock units, che il documento descrive come equivalenti economici di porzioni di azioni ordinarie e che verranno liquidate in contanti. Le phantom units comprendono importi acquisiti tramite il reinvestimento dei dividendi e saranno pagabili secondo le opzioni scelte nel piano di compensazione differita. Il modulo è stato firmato da un procuratore il 08/15/2025.
Joseph J. Russo, EVP y Presidente – Global Networks & Tech en Verizon Communications (VZ), informó la adquisición no monetaria de unidades fantasma de acciones bajo el plan de compensación diferida de la compañía. El Formulario 4 muestra una adquisición el 08/14/2025 de 88.31 unidades fantasma, que según el documento son equivalentes económicos de porciones de acciones ordinarias y se liquidan en efectivo. Las unidades fantasma incluyen importes obtenidos mediante el reinversión de dividendos y se pagarán conforme a las elecciones realizadas en el plan de compensación diferida. El formulario fue firmado por un apoderado el 08/15/2025.
Verizon Communications(VZ)의 EVP 겸 글로벌 네트워크 & 기술 담당 사장 Joseph J. Russo가 회사의 이연 보상 플랜에 따른 팬텀 스톡 단위(non-cash)를 취득한 것으로 보고했습니다. Form 4에는 2025-08-14(08/14/2025)에 88.31 팬텀 스톡 단위를 취득한 것으로 표시되어 있으며, 제출서류는 이를 보통주 일부의 경제적 등가물로 보고 현금으로 정산된다고 설명합니다. 해당 팬텀 단위에는 배당 재투자를 통해 취득한 금액이 포함되며, 이연 보상 플랜에 따른 선택에 따라 지급될 예정입니다. 해당 양식은 2025-08-15(08/15/2025)에 대리인이 서명했습니다.
Joseph J. Russo, EVP et Président – Global Networks & Tech chez Verizon Communications (VZ), a déclaré l’acquisition non monétaire d’unités fantômes d’actions dans le cadre du plan de rémunération différée de la société. Le formulaire 4 indique une acquisition le 08/14/2025 de 88.31 unités fantômes, que le dossier décrit comme des équivalents économiques de parts d’actions ordinaires et qui seront réglées en espèces. Les unités fantômes incluent des montants acquis par réinvestissement des dividendes et seront payables selon les options choisies dans le plan de rémunération différée. Le formulaire a été signé par un mandataire le 08/15/2025.
Joseph J. Russo, EVP & President – Global Networks & Tech bei Verizon Communications (VZ), meldete den nicht zahlungswirksamen Erwerb von Phantom-Aktieneinheiten im Rahmen des Deferred-Compensation-Plans des Unternehmens. In Formular 4 ist ein Erwerb am 08/14/2025 von 88.31 Phantom-Aktieneinheiten verzeichnet, die in der Einreichung als wirtschaftliches Äquivalent von Anteilen an Stammaktien beschrieben werden und bar abgewickelt werden. Die Phantom-Einheiten umfassen Beträge, die durch Dividendeneinbeziehung erworben wurden, und werden entsprechend den im Deferred-Compensation-Plan getroffenen Optionen ausgezahlt. Das Formular wurde am 08/15/2025 von einem Bevollmächtigten unterschrieben.
- Disclosure complies with Section 16 reporting, showing timely reporting of deferred compensation unit acquisition
- Phantom units are cash-settled, so there is no immediate dilution of common shares
- None.
Insights
TL;DR: Routine, non-cash deferred-compensation grant; limited immediate market impact.
The filing documents a deferred compensation acquisition rather than an open-market purchase or sale of Verizon common stock. Such phantom-unit grants are typically part of executive compensation and are settled in cash, reducing direct share issuance impact. The reported quantity (88.31 units) and inclusion of dividend reinvestment are administrative details; no change to outstanding common shares or immediate liquidity events are evident from this filing alone. This is a routine disclosure rather than a material corporate action.
TL;DR: Compensation-related filing that reflects plan participation, not a signal of altered ownership control.
The Form 4 identifies the reporting person’s role and shows the acquisition arose under the company’s deferred compensation plan, with payments subject to the executive’s plan elections. The filing clarifies these are phantom units settled in cash and include dividend reinvestment. From a governance perspective, the disclosure satisfies reporting obligations; it does not indicate a change in voting power or a transfer of beneficial ownership of common stock.
Joseph J. Russo, EVP e Presidente – Global Networks & Tech di Verizon Communications (VZ), ha registrato l’acquisizione non in contanti di phantom stock unit nell’ambito del piano di compensazione differita della società. Il Modulo 4 indica un’acquisizione in data 08/14/2025 di 88.31 phantom stock units, che il documento descrive come equivalenti economici di porzioni di azioni ordinarie e che verranno liquidate in contanti. Le phantom units comprendono importi acquisiti tramite il reinvestimento dei dividendi e saranno pagabili secondo le opzioni scelte nel piano di compensazione differita. Il modulo è stato firmato da un procuratore il 08/15/2025.
Joseph J. Russo, EVP y Presidente – Global Networks & Tech en Verizon Communications (VZ), informó la adquisición no monetaria de unidades fantasma de acciones bajo el plan de compensación diferida de la compañía. El Formulario 4 muestra una adquisición el 08/14/2025 de 88.31 unidades fantasma, que según el documento son equivalentes económicos de porciones de acciones ordinarias y se liquidan en efectivo. Las unidades fantasma incluyen importes obtenidos mediante el reinversión de dividendos y se pagarán conforme a las elecciones realizadas en el plan de compensación diferida. El formulario fue firmado por un apoderado el 08/15/2025.
Verizon Communications(VZ)의 EVP 겸 글로벌 네트워크 & 기술 담당 사장 Joseph J. Russo가 회사의 이연 보상 플랜에 따른 팬텀 스톡 단위(non-cash)를 취득한 것으로 보고했습니다. Form 4에는 2025-08-14(08/14/2025)에 88.31 팬텀 스톡 단위를 취득한 것으로 표시되어 있으며, 제출서류는 이를 보통주 일부의 경제적 등가물로 보고 현금으로 정산된다고 설명합니다. 해당 팬텀 단위에는 배당 재투자를 통해 취득한 금액이 포함되며, 이연 보상 플랜에 따른 선택에 따라 지급될 예정입니다. 해당 양식은 2025-08-15(08/15/2025)에 대리인이 서명했습니다.
Joseph J. Russo, EVP et Président – Global Networks & Tech chez Verizon Communications (VZ), a déclaré l’acquisition non monétaire d’unités fantômes d’actions dans le cadre du plan de rémunération différée de la société. Le formulaire 4 indique une acquisition le 08/14/2025 de 88.31 unités fantômes, que le dossier décrit comme des équivalents économiques de parts d’actions ordinaires et qui seront réglées en espèces. Les unités fantômes incluent des montants acquis par réinvestissement des dividendes et seront payables selon les options choisies dans le plan de rémunération différée. Le formulaire a été signé par un mandataire le 08/15/2025.
Joseph J. Russo, EVP & President – Global Networks & Tech bei Verizon Communications (VZ), meldete den nicht zahlungswirksamen Erwerb von Phantom-Aktieneinheiten im Rahmen des Deferred-Compensation-Plans des Unternehmens. In Formular 4 ist ein Erwerb am 08/14/2025 von 88.31 Phantom-Aktieneinheiten verzeichnet, die in der Einreichung als wirtschaftliches Äquivalent von Anteilen an Stammaktien beschrieben werden und bar abgewickelt werden. Die Phantom-Einheiten umfassen Beträge, die durch Dividendeneinbeziehung erworben wurden, und werden entsprechend den im Deferred-Compensation-Plan getroffenen Optionen ausgezahlt. Das Formular wurde am 08/15/2025 von einem Bevollmächtigten unterschrieben.
FAQ
What did Verizon insider Joseph J. Russo report on Form 4 (VZ)?
Does the Form 4 indicate an open-market purchase or sale of VZ shares?
Are the phantom stock units convertible to Verizon common stock?
Do these reported units change voting power or outstanding shares of VZ?
Did the Form 4 disclose how the phantom units were acquired?
