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Verizon Communications Inc. Form 4 Filings

VZ NYSE

Every Form 4 that Verizon Communications Inc. (VZ) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A Form 4 covers the transactions officers, directors and large holders report, so if you follow VZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VZ filings page.

Rhea-AI Summary

Verizon Communications executive Joseph J. Russo, EVP & President-Global Networks & Technology, reported an acquisition of 83.860 unitized phantom stock on July 30, 2026, held indirectly through a deferred compensation plan. This phantom stock is cash-settled, economically tied to common stock, and becomes payable upon future events selected under the plan. Following this award and related dividend reinvestment, Russo now holds 83,481.068 phantom stock units, corresponding to 24 underlying shares of common stock within the plan.

Rhea-AI Summary

SCHULMAN DANIEL H reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications Inc. director and CEO Daniel H. Schulman reported a grant of 202.1990 units of unitized phantom stock on July 30, 2026, held indirectly through a deferred compensation plan and economically tied to Verizon common stock. Following this award, including amounts from dividend reinvestment, his deferred phantom stock balance is 8,717.2720 units, linked to 58.0000 underlying common shares for this transaction and settled in cash upon specified plan events.

Rhea-AI 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.

Rhea-AI Summary

Verizon Communications EVP and Chief Legal Officer Venkatesh Vandana received an award of 101.906 phantom stock units on July 16, 2026, held indirectly through a deferred compensation plan. Each phantom unit is the economic equivalent of part of one share of common stock, settled in cash upon specified events, and this grant brings total phantom stock holdings to 56,809.596 units, including units acquired through dividend reinvestment.

Rhea-AI Summary

Stillwell Mary-Lee reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications reported that SVP and Controller Mary-Lee Stillwell received a grant/award of 46.6560 phantom stock units on 2026-07-16 under a deferred compensation plan. These cash-settled phantom units track Verizon common stock value and include dividend reinvestment, bringing her indirect plan balance to 16727.4500 units.

Rhea-AI Summary

Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, reported an acquisition of 138.74 phantom stock (unitized) units on 2026-07-16 under a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events Malady established in accordance with the plan. The reported total phantom stock balance after this transaction is 417,694.488 units, including units acquired through dividend reinvestment, all held indirectly via the deferred compensation plan.

Rhea-AI Summary

Verizon Communications Inc. EVP and CFO Anthony T. Skiadas reported an acquisition of 138.740 units of cash-settled phantom stock on July 16, 2026, credited under a deferred compensation plan at a reported value of $12.5300 per unit. Following this grant, including units acquired through dividend reinvestment, his indirect holdings in this plan total 144,469.9810 phantom stock units, each economically linked to Verizon common stock but settled in cash.

Rhea-AI Summary

Verizon Communications Inc. executive Joseph J. Russo, EVP & President–Global Networks & Technology, reported a grant of 88.094 derivative units of Phantom Stock (unitized) on 2026-07-16, held indirectly through a deferred compensation plan. Each phantom share is economically linked to common stock and settled in cash, becoming payable upon events he established under the plan. Following this award, his indirect holdings total 83,397.208 phantom stock units, including amounts acquired through dividend reinvestment, tied in this transaction to 25 underlying shares of common stock.

Rhea-AI Summary

Verizon Communications CEO and director Daniel H. Schulman reported an indirect award of 212.408 unitized phantom stock units on July 16, 2026, with a reported reference value of $12.53 per unit. These cash-settled units track Verizon common stock value within a deferred compensation plan, include amounts acquired through dividend reinvestment, and increase his phantom stock balance in that plan to 8,515.073 units.

Rhea-AI Summary

Villanueva Rodriguez Alfonso reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications Executive Vice President Alfonso Villanueva Rodriguez received a grant of 47,754 restricted stock units (RSUs). The award was granted on July 7, 2026 and is settled in Verizon common stock.

Each RSU represents one share of common stock plus accrued dividends payable on the vesting date. The RSUs will vest in three equal annual installments beginning on March 1, 2027, providing a multi-year equity-based compensation incentive. Following this grant, he holds 47,754 RSUs directly.

Rhea-AI Summary

Verizon Communications executive Alfonso Villanueva Rodriguez reported a routine compensation-related award of phantom stock units under a deferred compensation plan. He acquired 87.222 unitized phantom stock units at $11.99 per unit, economically linked to 25 shares of common stock and settled in cash.

Following this grant, his indirect holdings in phantom stock total 6,576.226 units through the deferred compensation plan, which may also reflect dividend reinvestment. This is not an open-market stock purchase or sale but a non-cash benefit tied to future payout events.

Rhea-AI Summary

Venkatesh Vandana reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications EVP and Chief Legal Officer Vandana Venkatesh received an award of 106.463 units of phantom stock under a deferred compensation plan. Each unit is economically tied to Verizon common stock but is settled in cash, not shares. Following this compensation grant, her deferred plan balance totals 56,707.690 phantom stock units linked to 30 underlying common shares.

Rhea-AI Summary

Verizon Communications Inc. senior vice president and controller Mary-Lee Stillwell reported an acquisition of phantom stock under a deferred compensation plan. She received 48.742 phantom stock units at $11.99 per unit, linked to 14 shares of common stock, bringing her indirect deferred compensation balance to 16,680.794 units. These phantom shares are cash-settled and become payable upon events she selected under the plan.

Rhea-AI Summary

Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, reported an award of phantom stock units under a deferred compensation plan. On July 1, 2026, he acquired 144.943 units of Phantom Stock (unitized), economically tied to 41 shares of common stock and settled in cash.

After this grant and related dividend reinvestment, his indirect holdings through the deferred compensation plan total 417,555.748 phantom stock units. This is a compensation-related, non-market transaction rather than an open-market purchase or sale of Verizon common shares.

Rhea-AI Summary

Verizon Communications EVP and CFO Anthony T. Skiadas reported a routine compensation-related transaction involving cash-settled phantom stock under a deferred compensation plan. He acquired 144.943 phantom stock units, economically tied to 41 shares of common stock, bringing his indirect deferred-compensation phantom stock holdings to 144,331.241 units. These units are settled in cash and become payable based on elections made under the plan and include amounts gained through dividend reinvestment.

Rhea-AI Summary

Verizon Communications executive Samantha Hammock, EVP & Chief HR Officer, reported receiving an award of 65.93 units of phantom stock under a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock but is settled in cash, not actual shares.

The award relates to 19 underlying shares of common stock and is held indirectly through the company’s deferred compensation plan. After this grant, Hammock’s deferred compensation account reflects 36,281.528 phantom stock units, including amounts accumulated through dividend reinvestment. This is a routine, compensation-related acquisition, not an open‑market trade.

Rhea-AI Summary

Verizon Communications executive Joseph J. Russo reported a routine compensation-related grant of phantom stock units through a company deferred compensation plan. On July 1, 2026, he acquired 92.033 phantom stock units, economically tied to 26 shares of common stock and valued at $11.99 per unit. These phantom units are settled in cash rather than stock and become payable upon events he established under the deferred compensation plan. Following this grant and related dividend reinvestment, his deferred plan balance increased to 83,309.114 phantom stock units, reflecting ongoing participation in Verizon’s non-cash incentive program rather than an open-market trade.

Rhea-AI Summary

Verizon Communications Inc. director and CEO Daniel H. Schulman reported a compensation-related award of phantom stock units under a deferred compensation plan. On July 1, 2026, he acquired 221.905 phantom stock units at an indicative value of $11.99 per unit, each economically linked to a portion of one share of common stock and settled in cash rather than actual shares.

The award is held indirectly through the company’s deferred compensation plan and is tied to 63 underlying shares of common stock. Following this grant, Schulman’s deferred compensation balance reflects a total of 8,302.665 phantom stock units, including amounts accumulated through dividend reinvestment, indicating a routine, non‑market, compensation-related increase in his economic exposure.

Rhea-AI Summary

Verizon Communications Inc. executive Alfonso Villanueva Rodriguez reported a routine compensation award of phantom stock units. On the reported date, he acquired 79.951 units of unitized phantom stock in a deferred compensation plan at an assigned value of $13.08 per unit. Each phantom stock unit is economically tied to a portion of one share of Verizon common stock and is settled in cash rather than actual shares. After this award and related dividend reinvestment, his deferred compensation holdings total 6,489.004 phantom stock units, indirectly held through the plan and linked to 23 underlying common shares.

Rhea-AI Summary

Verizon Communications executive Vandana Venkatesh reported a routine compensation-related transaction involving cash-settled phantom stock units. On the reported date, she acquired 97.587 phantom stock units at a reference value of $13.08 per unit through a deferred compensation plan, bringing her total phantom stock holdings in that plan to 56,601.227 units.

Each phantom stock unit is economically linked to a portion of one share of Verizon common stock but is settled in cash rather than actual shares, and includes amounts accumulated through dividend reinvestment. The holdings are reported as indirect ownership through the company’s deferred compensation plan.

Rhea-AI Summary

Verizon Communications SVP and Controller Mary-Lee Stillwell reported receiving an award of 44.679 units of phantom stock (unitized) on June 17, 2026 through a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock but is settled in cash rather than actual shares.

The award is classified as an indirect holding "By Deferred Compensation Plan" and is a grant or other acquisition, not an open-market trade. Following this award and prior phantom stock credited, including amounts acquired via dividend reinvestment, her total phantom stock balance in the plan is 16,632.052 units, with 13.000 underlying common shares referenced for this transaction.

Rhea-AI 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.

Rhea-AI Summary

Verizon Communications EVP and CFO Anthony T. Skiadas reported a compensation-related grant of phantom stock units. On this Form 4, he acquired 132.86 units of phantom stock, each economically linked to a portion of one share of Verizon common stock and settled in cash under a deferred compensation plan.

Following this award, his indirect holdings in phantom stock through the deferred compensation plan total 144,186.298 units, including amounts accumulated via dividend reinvestment. The filing also notes an underlying reference of 38 shares of common stock for this derivative position.

Rhea-AI Summary

Verizon Communications executive Joseph J. Russo reported a compensation-related grant of phantom stock units through a deferred compensation plan. He acquired 84.361 unitized phantom stock units, each tied economically to Verizon common stock and settled in cash, bringing his indirect deferred plan balance to 83,217.081 units. These units become payable upon events he previously elected under the plan and include amounts accumulated through dividend reinvestment.

Rhea-AI Summary

Hammock Samantha reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Samantha Hammock, EVP & Chief HR Officer, received an indirect award of 75.542 phantom stock units under a deferred compensation plan. Each phantom unit is economically tied to Verizon common stock and is settled in cash.

Following this grant and prior dividend reinvestments, Hammock holds a total of 36,215.598 phantom stock units through the plan.

Rhea-AI Summary

Verizon Communications director and officer Daniel H. Schulman reported receiving a grant of phantom stock units through a deferred compensation plan. He acquired 203.406 unitized phantom stock units at an economic reference price of $13.08 per unit, bringing his indirect deferred-compensation phantom stock balance to 8,080.760 units. These cash-settled phantom shares, economically tied to Verizon common stock (including amounts from dividend reinvestment), become payable upon events he previously elected under the plan.

Rhea-AI Summary

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

Verizon Communications executive Kyle Malady, EVP and Group CEO of Verizon Business, received a grant of 135.715 phantom stock (unitized) units valued at $12.81 per unit. These units are held indirectly through a deferred compensation plan and are economically tied to 39 shares of common stock, settled in cash under plan terms. Following this grant and related dividend reinvestment, Malady holds a total of 417,277.945 phantom stock units under the plan.

Rhea-AI Summary

Villanueva Rodriguez Alfonso reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Alfonso Villanueva Rodriguez, EVP and International Group CEO for Verizon Consumer and CTO, reported receiving an award of phantom stock under a deferred compensation plan. The grant covers 81.669 unitized phantom stock shares, each economically tied to a portion of one share of Verizon common stock and settled in cash rather than actual shares.

After this grant and related dividend reinvestment, his indirect holdings through the deferred compensation plan total 6,409.053 phantom stock units. The phantom stock becomes payable upon events he has established in line with the plan’s rules, and does not represent open‑market buying or selling of Verizon common stock.

Rhea-AI Summary

Verizon Communications executive Vandana Venkatesh reported a compensation-related award of phantom stock units tied to Verizon common stock. She acquired 99.684 unitized phantom stock awards at an economic reference value of $12.81 per unit through a deferred compensation plan, bringing her total phantom stock holdings in the plan to 56,503.640 units. Each phantom stock unit represents the economic equivalent of a portion of one Verizon common share, is settled in cash rather than stock, and becomes payable upon events she has established under the deferred compensation plan. The total includes phantom stock accumulated through dividend reinvestment.

Rhea-AI Summary

Verizon Communications senior vice president and controller Mary-Lee Stillwell reported an indirect compensation award in the form of phantom stock unitized under a deferred compensation plan. She acquired 45.639 phantom stock units at $12.81 per unit, bringing her total deferred phantom stock balance to 16,587.373 units, economically tied to Verizon common stock and payable in cash.

Rhea-AI Summary

Verizon Communications EVP and CFO Anthony T. Skiadas reported an acquisition of phantom stock under a deferred compensation plan. He received 135.715 unitized phantom stock units at a reference value of $12.81 per unit, bringing his indirect deferred-compensation phantom stock balance to 144,053.438 units, economically tied to Verizon common stock but settled in cash.

Rhea-AI Summary

Russo Joseph J. reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Joseph J. Russo reported a routine compensation-related transaction involving phantom stock units. He received an award of 86.173 unitized phantom stock on Common Stock, economically tied to 25.000 shares of common stock and held indirectly through a Deferred Compensation Plan.

After this grant, his total phantom stock position in the plan rose to 83,132.720 units, which are settled in cash rather than actual shares and include amounts accumulated through dividend reinvestment. This filing reflects a non-market, derivative-based compensation accrual rather than an open-market stock purchase or sale.

Rhea-AI Summary

Hammock Samantha reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Samantha Hammock, EVP & Chief HR Officer, reported a compensation-related award of 77.165 units of phantom stock (unitized) tied to Verizon common stock through a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one common share and is settled in cash, payable upon events Ms. Hammock established under the plan. Following this grant and prior dividend reinvestment, her deferred compensation account holds 36,140.056 phantom stock units indirectly through the plan.

Rhea-AI Summary

Verizon Communications director and CEO Daniel H. Schulman reported an acquisition of phantom stock units through a deferred compensation plan. On this Form 4, he received 207.776 phantom stock units at $12.81 per unit, economically tied to Verizon common stock but settled in cash.

Following this grant and dividend reinvestment, his indirect deferred compensation account holds 7,877.354 phantom stock units, representing the economic equivalent of portions of Verizon shares rather than actual stock ownership.

Rhea-AI Summary

Verizon Communications executive Samantha Hammock reported a significant open-market sale of company stock. On May 29, 2026, she sold 73,069 shares of Verizon common stock in an open-market transaction at a weighted average price of $47.832 per share.

The footnote explains that the sale occurred through multiple trades, with prices ranging from $47.820 to $47.860 per share. After this sale, Hammock directly holds 16,221 Verizon common shares and has indirect ownership of 68 additional shares held by her spouse.

Rhea-AI Summary

Verizon Communications director Hans Erik Vestberg reported an award of phantom stock units tied to Verizon common stock through a deferred compensation plan. On May 21, 2026, he acquired 193.239 phantom stock units at a reference value of $13.77 per unit, increasing his indirect deferred-compensation balance to 228,879.651 phantom units.

Each phantom stock unit is economically equivalent to a portion of one share of Verizon common stock but is settled in cash rather than stock. The award relates to an underlying interest in 55 shares of common stock and becomes payable upon events Vestberg has established under the company’s deferred compensation plan. The filing also notes that the total includes phantom stock acquired through dividend reinvestment.

Rhea-AI Summary

Villanueva Rodriguez Alfonso reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Alfonso Villanueva, EVP and International Group CEO for Verizon Consumer and CTO, reported receiving 75.955 phantom stock (unitized) units credited to a deferred compensation plan on May 21, 2026. Each phantom stock unit is economically tied to Verizon common stock and is settled in cash, becoming payable upon events the executive selected under the deferred compensation plan. Following this award, the deferred plan balance reflects 6,327.384 phantom stock units, including amounts accumulated through dividend reinvestment and representing the economic equivalent of portions of Verizon common shares.

Rhea-AI Summary

Verizon Communications EVP and Chief Legal Officer Vandana Venkatesh received an indirect award of phantom stock units under a deferred compensation plan. The grant covers 92.710 unitized phantom stock equivalents, economically tied to 26 shares of Verizon common stock, and is settled in cash rather than actual shares.

Following this award and prior accruals, her deferred compensation plan reflects a total of 56,403.956 phantom stock units, including amounts acquired through dividend reinvestment. These units become payable in cash upon events she previously established under the plan’s terms, making this a routine, compensation-related accrual rather than an open-market stock transaction.

Rhea-AI Summary

Verizon Communications senior vice president and controller Mary-Lee Stillwell reported an acquisition of 42.446 units of phantom stock through a deferred compensation plan. After this grant, her indirect holdings in phantom stock total 16,541.734 units, which are economically tied to Verizon common stock and will be settled in cash according to her plan elections.

Rhea-AI Summary

Verizon Communications EVP and CFO Anthony T. Skiadas received a compensation-related award of 126.219 units of phantom stock on May 21, 2026. These are derivative interests that track the value of Verizon common stock and are held indirectly through a deferred compensation plan.

Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash rather than actual shares. Following this award and prior accruals, including phantom stock acquired through dividend reinvestment, Skiadas now holds 143,917.723 phantom stock units tied to Verizon under the plan.

Rhea-AI Summary

Verizon Communications executive Joseph J. Russo, EVP and President of Global Networks and Technology, reported an acquisition of phantom stock units through a deferred compensation plan. He received 80.1440 phantom stock (unitized) at a reference price of $13.7700 per unit, classified as a grant or award.

Each phantom stock unit is the economic equivalent of a portion of one share of common stock and will be settled in cash, becoming payable upon events Russo established under the deferred compensation plan. Following this award and prior dividend reinvestments, his indirect deferred-compensation holdings total 83,046.5470 phantom stock units, linked to 23.0000 underlying common shares.

Rhea-AI Summary

Verizon Communications executive Kyle Malady, EVP and Group CEO of Verizon Business, received an acquisition of 126.219 unitized phantom stock units on May 21, 2026 through a deferred compensation plan. Each phantom share tracks a portion of one common share and is settled in cash, bringing his deferred phantom stock balance to 417,142.230 units, including amounts accumulated via dividend reinvestment.

Rhea-AI Summary

Verizon Communications EVP & Chief HR Officer Samantha Hammock reported a compensation-related transaction involving phantom stock units linked to Verizon common stock. She acquired 71.766 unitized phantom stock units at an indicated value of $13.7700 per unit through a deferred compensation plan.

Each phantom stock unit is the economic equivalent of a portion of one Verizon share and is settled in cash rather than actual stock. After this grant and prior accruals, Hammock’s deferred compensation plan shows a total of 36,062.891 phantom stock units, including amounts accumulated through dividend reinvestment.

Rhea-AI Summary

SCHULMAN DANIEL H reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications Inc. director and officer Daniel H. Schulman reported receiving an award of 193.239 unitized phantom stock units on May 21, 2026 under a deferred compensation plan. Each phantom stock unit is economically tied to common stock value but is settled in cash.

Following this grant, Schulman holds a total of 7,669.578 phantom stock units indirectly through the deferred compensation plan, including amounts accumulated through dividend reinvestment. The phantom stock will be paid out in cash upon events he established under the plan.

Rhea-AI Summary

Vestberg Hans Erik reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications director Hans Erik Vestberg received a grant of phantom stock units under a deferred compensation plan. On May 7, 2026, 198.052 unitized phantom stock credits, economically tied to Verizon common stock, were added to his deferred account and will be settled in cash at future payout events.

Following this award and prior accruals, including dividend reinvestment, his deferred compensation plan reflects a total of 228,686.412 phantom stock units, representing compensation rather than an open‑market purchase or sale of Verizon shares.

Rhea-AI Summary

VERIZON COMMUNICATIONS INC executive Alfonso Villanueva Rodriguez reported a routine compensation-related award of derivative securities. On this Form 4, he acquired 77.847 unitized phantom stock units through a deferred compensation plan, economically tied to 22 shares of Verizon common stock.

Each phantom stock unit represents the economic equivalent of a portion of one share of common stock and will be settled in cash under the plan’s terms. Following this award and prior dividend reinvestments, indirect holdings under the deferred compensation plan total 6,251.429 phantom stock units.

Rhea-AI Summary

Skiadas Anthony T reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications EVP and CFO Anthony T. Skiadas reported a compensation-related award of 129.363 phantom stock (unitized) units on May 7, 2026. The units were valued at $13.44 per unit and are held indirectly through a deferred compensation plan, not as open-market stock purchases.

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash rather than stock. After this award, Skiadas’ deferred compensation plan holds a total of 143,791.504 phantom stock units, which become payable upon events he established under the plan.

Rhea-AI Summary

Verizon Communications executive Vandana Venkatesh, EVP and Chief Legal Officer, reported an acquisition of 95.019 units of phantom stock under a deferred compensation plan. Each phantom share is economically tied to a portion of one share of common stock and is settled in cash, not actual stock.

The award, which is held indirectly through the company’s deferred compensation plan, corresponds to 27 underlying shares of common stock. Following this grant, Venkatesh’s phantom stock balance in the plan totals 56,311.246 units. Footnotes note that balances also include phantom stock from dividend reinvestment, reinforcing this as routine compensation rather than open-market trading.

Rhea-AI Summary

Verizon Communications senior vice president and controller Mary-Lee Stillwell reported a compensation-related award of derivative securities. On May 7, 2026, she acquired 43.503 unitized phantom stock units under a deferred compensation plan, economically tied to 12 shares of common stock. These phantom units are settled in cash and become payable upon events she established under the plan. Following this award, her indirect holdings in phantom stock through the deferred compensation plan total 16,499.288 units, which also reflect amounts accumulated through dividend reinvestment.

Rhea-AI Summary

Verizon Communications EVP Joseph J. Russo reported a compensation-related grant of phantom stock under a deferred compensation plan. He acquired 82.140 unitized phantom stock shares at $13.44 per unit, economically tied to Verizon common stock but settled in cash rather than actual shares.

The award corresponds to 23 underlying shares of common stock and is held indirectly through the deferred compensation plan. Following this grant, Russo’s deferred account holds a total of 82,966.403 phantom stock units, which become payable upon events he established under the plan rules.