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.
OTIS CLARENCE JR reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications director Clarence Otis Jr. received an award of 5,062 shares of phantom stock credited to a Deferred Compensation Plan. Each phantom share is economically equivalent to one share of Verizon common stock and will be settled in cash after his service as a director ends, bringing his total phantom stock holdings under the plan to 152,430 shares, including amounts from dividend reinvestment.
VERIZON COMMUNICATIONS INC director Laxman Narasimhan received an award of 5,062 shares of phantom stock on April 1, 2026 under a deferred compensation plan. Each phantom stock unit is economically equivalent to one share of common stock and is settled in cash after his service as a director ends. Following this grant, he indirectly holds 33,125 phantom stock units, including amounts acquired through dividend reinvestment.
MANN JENNIFER K reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications Inc. director Jennifer K. Mann reported an award of 5,062 units of phantom stock linked to Verizon common stock. After this grant, her indirect holdings through a deferred compensation plan total 7,106 phantom stock units.
Each phantom stock unit is the economic equivalent of one Verizon common share but will be settled in cash, not stock. The phantom stock becomes payable after Mann’s service as a director ends, and the reported balance also includes units accumulated through dividend reinvestment.
Verizon Communications director Caroline Litchfield received an award of 5,062 shares of phantom stock under a deferred compensation plan. Each phantom stock share is economically equivalent to one share of Verizon common stock and is settled in cash after her service as a director ends. Following this grant, she indirectly holds a total of 11,402 phantom stock shares, including amounts acquired through dividend reinvestment.
Colao Vittorio reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications director Vittorio Colao reported an award of 5,062 phantom stock units under a deferred compensation plan. The units are a cash-settled incentive tied to Verizon common stock and increase his indirect holdings in this plan to 23,741 phantom stock units.
Each phantom stock unit is economically equivalent to one Verizon share but will be paid in cash after his service as a director ends. The filing notes that the total includes phantom stock accumulated through dividend reinvestment, highlighting this as routine, compensation-related activity rather than an open-market stock purchase or sale.
Bertolini Mark T reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications Inc. director Mark T. Bertolini received a grant of 5,062 phantom stock units tied to Verizon common stock. Each phantom stock unit is the economic equivalent of one share of common stock but will be settled in cash rather than actual shares.
The phantom stock is held indirectly through a deferred compensation plan and becomes payable after Bertolini’s service as a director ends. Following this award and related dividend reinvestment, his deferred phantom stock balance stands at 66,759 units.
Verizon Communications director Roxanne S. Austin received a grant of 5,062 phantom stock units through a deferred compensation plan. These units are economically equivalent to Verizon common stock but are settled in cash rather than shares and become payable after she leaves the board.
Following this award, her deferred compensation plan holds a total of 36,492 phantom stock units, including amounts accumulated through dividend reinvestment. The transaction is an indirect, compensation-related acquisition and does not represent an open-market purchase or sale of Verizon stock.
VERIZON COMMUNICATIONS INC director Shellye L. Archambeau reported an acquisition of 5,062 shares of phantom stock, each economically equivalent to one share of common stock and settled in cash. These units, held through a deferred compensation plan, become payable after she leaves the board.
Following this grant, including amounts acquired through dividend reinvestment, Archambeau now holds 73,919 phantom stock units indirectly under the plan.
Verizon Communications EVP and CFO Anthony T. Skiadas received a compensation-related award of 120.141 phantom stock (unitized) units on March 26, 2026 under a deferred compensation plan. Each phantom stock unit is economically tied to Verizon common stock but is settled in cash rather than actual shares.
After this grant and prior accruals, Skiadas has 141,343.131 phantom stock units credited to his deferred compensation account, including amounts acquired through dividend reinvestment. The filing also notes an associated underlying interest of 34 shares of common stock linked to this grant. This is an indirect holding through the deferred compensation plan and reflects standard executive compensation, not an open-market stock purchase or sale.
Verizon Communications executive Alfonso Villanueva Rodriguez reported a compensation-related award of phantom stock units tied to Verizon’s common stock. On this date, an indirect holding through a deferred compensation plan acquired 72.297 unitized phantom stock units at $14.47 per unit.
Each phantom stock unit is economically linked to a portion of one Verizon common share but is settled in cash, so it does not represent actual stock ownership or voting rights. After this grant, the deferred compensation plan holds a total of 5,931.602 phantom stock units for the executive, including amounts accumulated through dividend reinvestment.
VERIZON COMMUNICATIONS INC director Hans Erik Vestberg reported an award of phantom stock units under a deferred compensation plan. The Form 4 shows an acquisition of 183.933 unitized phantom stock units at an economic reference value of $14.47 per unit, credited to an indirect account.
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. This grant represents an economic interest tied to 52 underlying shares of common stock and becomes payable upon events Vestberg has established under the deferred compensation plan. Following this award, his indirect phantom stock balance in the plan is 224,815.225 units.
VERIZON COMMUNICATIONS INC executive Vandana Venkatesh, EVP and Chief Legal Officer, reported an indirect compensation-related transaction involving phantom stock under a deferred compensation plan. On this date, she acquired 88.245 unitized phantom stock units at an indicated value of $14.47 per unit.
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, and becomes payable upon events she established under the plan. The award reflects 25 underlying shares of common stock and brings her total indirect phantom stock holdings in the plan to 55,221.364 units, including amounts accumulated through dividend reinvestment. No open-market stock purchase or sale occurred; this is a routine grant/award acquisition through a company compensation program.
Verizon Communications senior vice president and controller Mary-Lee Stillwell reported a compensation-related award of 40.4020 units of phantom stock credited on March 26, 2026 under a deferred compensation plan. Each phantom share is economically tied to Verizon common stock but is settled in cash, not stock.
After this award, Stillwell’s deferred compensation account holds 16,133.6770 phantom stock units, including amounts acquired through dividend reinvestment. The filing also notes an underlying equivalent of 12.0000 shares of common stock, but there was no open-market buying or selling of Verizon shares.
Verizon Communications Inc. executive Joseph J. Russo, EVP and President of Global Networks & Technology, reported an indirect award of phantom stock tied to Verizon common shares. On March 26, 2026, he acquired 76.285 units of phantom stock at an economic reference value of $14.47 per unit under 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. This particular award corresponds to 22 underlying shares of common stock. After this transaction, his deferred compensation account held 81,531.559 phantom stock units, which also include amounts accumulated through dividend reinvestment.
Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, received a grant of 120.141 phantom stock units credited to his Deferred Compensation Plan account at $14.47 per unit. Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash under the plan’s terms.
The award corresponds to 34 underlying shares of common stock and increases his indirect holdings in the plan to 410,641.623 phantom stock units. The total includes phantom stock acquired through dividend reinvestment and becomes payable upon events he established in accordance with the deferred compensation plan.
Verizon Communications EVP & Chief HR Officer Samantha Hammock reported an acquisition of phantom stock units through a deferred compensation plan. She received 68.3100 units of unitized phantom stock on this date, each economically tied to a portion of one share of Verizon common stock and settled in cash.
After this award, her indirect holdings under the deferred compensation plan increased to 35,256.6460 phantom stock units, including amounts accumulated through dividend reinvestment. These units track the value of Verizon common stock but do not represent actual share ownership.
VERIZON COMMUNICATIONS INC director and officer Daniel H. Schulman reported a compensation-related award of phantom stock linked to the company’s common shares. On this Form 4, he acquired 183.933 units of phantom stock at an indicated value of $14.47 per unit through a deferred compensation plan.
Each phantom stock unit is economically equivalent to a portion of one share of Verizon common stock but is settled in cash rather than actual shares. The award corresponds to 52 underlying shares of common stock and is held indirectly through the deferred compensation plan. Following this grant, Schulman’s deferred compensation account reflects a total of 6,783.762 phantom stock units, which become payable upon events he established under the plan, and includes amounts accumulated through dividend reinvestment.
Verizon Communications EVP Alfonso Villanueva Rodriguez reported an acquisition of phantom stock units under a deferred compensation plan. He received 72.4510 units of Phantom Stock (unitized), economically tied to Verizon common stock and settled in cash, representing 21.0000 underlying common shares.
After this grant and prior dividend reinvestments, his indirect holdings in phantom stock through the deferred compensation plan total 5,859.3050 units. These phantom shares become payable in cash upon events he established under the plan and do not represent open-market buying or selling of Verizon stock.
Verizon Communications director Hans Erik Vestberg reported an acquisition of phantom stock units under a deferred compensation plan. On this date, he received 184.325 phantom stock units at an assigned value of $14.44 per unit, indirectly held through the plan.
Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash rather than stock. Following this grant and related dividend reinvestment, Vestberg’s deferred compensation position totals 224,631.292 phantom stock units, representing compensation rather than an open‑market purchase or sale of Verizon shares.
Verizon Communications EVP and Chief Legal Officer Vandana Venkatesh reported a compensation-related grant of phantom stock units under a deferred compensation plan. On the reported date, she acquired 88.433 unitized phantom stock derivatives, economically tied to portions of Verizon common stock and settled in cash rather than shares.
The units are held indirectly through a deferred compensation plan and become payable upon events she established under that plan. Following this award and prior accruals, including amounts from dividend reinvestment, her deferred compensation account reflected 55,133.119 phantom stock units linked to Verizon common stock.
Verizon Communications Inc. senior vice president and controller Mary-Lee Stillwell reported a routine compensation-related grant of phantom stock units. She acquired 40.488 unitized phantom stock derivatives, economically tied to 12 shares of common stock, held indirectly through a deferred compensation plan.
Each phantom stock unit represents the economic value of a portion of one Verizon common share and will be settled in cash under the company’s deferred compensation plan upon specified future events. Following this grant and related dividend reinvestment activity, her deferred compensation account holds 16,093.275 phantom stock units.
Skiadas Anthony T reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications Executive Vice President and CFO Anthony T. Skiadas received a grant of 120.397 unitized phantom stock units on March 12, 2026 under a deferred compensation plan. Each phantom stock unit is economically tied to Verizon common stock but is settled in cash rather than shares.
Following this grant, Skiadas now indirectly holds 141,222.990 phantom stock units through the deferred compensation plan, including amounts accumulated via dividend reinvestment. This is a compensation-related, non‑market transaction and does not involve open-market buying or selling of Verizon stock.
Russo Joseph J. reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications executive Joseph J. Russo, EVP and President of Global Networks & Technology, received a grant of 76.447 phantom stock units through a deferred compensation plan. Each phantom stock unit is economically tied to Verizon common stock and is settled in cash. Following this award, his deferred compensation plan holds a total of 81,455.274 phantom stock units.
Malady Kyle reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications executive Kyle Malady received a grant of phantom stock units through a deferred compensation plan. On this date, 120.397 unitized phantom stock awards were credited at a reference value of $14.44 per unit, economically tied to 34 shares of Verizon common stock.
Following this grant and related dividend reinvestment, Malady’s deferred compensation account reflects 410,521.482 phantom stock units held indirectly through the plan. These units are settled in cash and become payable upon events the executive previously established under the deferred compensation program, rather than through open-market share purchases or sales.
Verizon Communications executive Samantha Hammock reported an acquisition of cash-settled phantom stock units under a deferred compensation plan. On the reported date, she received 68.456 phantom stock units, each economically tied to the value of common stock at a reference price of $14.44 per unit.
Following this grant and related dividend reinvestment, her indirect holdings in the plan total 35,188.336 phantom stock units. These units are settled in cash and become payable upon events she previously elected in line with the deferred compensation plan’s rules.
Verizon Communications director and CEO Daniel H. Schulman reported a compensation-related acquisition of phantom stock units through a deferred compensation plan. He was granted 184.325 unitized phantom stock derivatives, economically tied to 53 shares of Verizon common stock and settled in cash rather than actual shares.
Following this grant, his indirect holdings in the deferred compensation plan total 6,599.829 phantom stock units. The holdings also include phantom stock accumulated through dividend reinvestment, making this a routine, non-market transaction rather than an open-market stock purchase or sale.
Verizon Communications Inc. senior vice president and controller Mary-Lee Stillwell reported an open-market sale of 8,569 shares of Verizon common stock at $50 per share on March 2, 2026.
The transaction was executed under a Rule 10b5-1 trading plan adopted on November 17, 2025, and she now directly holds 43,782 Verizon shares.
Verizon Communications executive vice president and chief legal officer Vandana Venkatesh reported multiple stock transactions on February 27, 2026. She acquired common shares through exercises of Restricted Stock Units from 2023, 2024, and 2025 awards, each RSU representing one share of common stock upon vesting.
To cover tax obligations, she disposed of shares through tax-withholding transactions at a price of $50.14 per share. After these moves, she directly owned 83,315 shares of Verizon common stock and indirectly held 6,527 shares through a 401(k) plan. The RSU awards vest in three equal annual installments beginning on March 1 of 2024, 2025, and 2026, subject to their agreements.
Verizon Communications SVP and Controller Mary-Lee Stillwell reported multiple equity award transactions in company stock. On February 27, 2026, she exercised restricted stock units from 2023, 2024, and 2025 awards into common stock in several blocks of 9,448, 9,915, and 8,998 shares. She also disposed of common shares in amounts of 3,880, 4,306, and 3,907 at a price of $50.14 per share to cover tax liabilities associated with these equity awards. Following these transactions, she directly owned 52,351 shares of Verizon common stock.
Verizon Communications EVP and CFO Anthony T. Skiadas reported equity award activity involving restricted stock units and common shares. On February 27, 2026, he exercised or converted RSUs from his 2023, 2024, and 2025 awards into Verizon common stock, consistent with his compensation program.
These derivative exercises delivered multiple blocks of common shares at a price of $0.00 per share, while several tax-withholding dispositions occurred at $50.14 per share to cover associated obligations. After these transactions, Skiadas directly held 209,387 Verizon common shares and indirectly held 2,945 shares through a 401(k) plan.
Verizon Communications executive Joseph J. Russo, EVP & President–Global Networks & Technology, reported multiple equity award transactions involving restricted stock units (RSUs) and common stock on February 27, 2026. Several RSU awards from 2023, 2024, and 2025 were exercised or converted into common stock at no cash exercise price.
Common shares were then withheld in separate transactions at $50.14 per share to cover tax liabilities, a non–open-market disposition method. After these transactions, Russo held 92,130 shares of Verizon common stock directly and 6,314 shares indirectly through a 401(k) plan. The RSU awards generally vest in three equal annual installments beginning on March 1 of 2024, 2025, and 2026, respectively.
Verizon Communications EVP & Chief HR Officer Samantha Hammock reported multiple equity compensation transactions in the form of restricted stock units (RSUs) and related common stock on February 27, 2026. RSUs from 2023, 2024 and 2025 awards were exercised or converted into common stock in several steps, consistent with their scheduled vesting terms. To satisfy tax obligations, portions of the newly delivered common shares were disposed of through tax-withholding transactions at $50.14 per share. After these transactions, Hammock directly held 89,290 shares of Verizon common stock, with an additional 68 shares held indirectly by her spouse.
Verizon Communications director Hans Erik Vestberg reported multiple equity award transactions dated February 27, 2026. He acquired common shares through the vesting and conversion of 2023, 2024, and 2025 Restricted Stock Unit awards, and had portions of those shares withheld at $50.14 per share to satisfy tax obligations. Following these transactions, he held common stock both directly and indirectly through various trusts and grantor retained annuity trusts.
Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, reported multiple equity award events involving restricted stock units and common stock. On the reported date, he exercised or converted RSUs from 2023, 2024, and 2025 awards into Verizon common stock, with no exercise price per share.
To cover tax obligations, shares of common stock were disposed of through tax-withholding transactions at a price of $50.14 per share. After these transactions, he directly owned 110,966 shares of Verizon common stock and indirectly held 19,605 shares through a 401(k) plan. The RSU awards vest in three equal annual installments beginning on March 1 of 2024, 2025, and 2026, respectively.
Verizon Communications executive Alfonso Villanueva Rodriguez, EVP & International Group CEO for Verizon Consumer & CTO, reported an acquisition of phantom stock units through a deferred compensation plan. On February 26, 2026, he was granted 5,237.391 unitized phantom stock at a reference price of $13.95 per unit.
Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash, not stock. The units become payable upon events elected by the executive under the deferred compensation plan and include amounts acquired through dividend reinvestment. Following this grant, his indirect deferred-compensation phantom stock balance is 5,786.854 units.
Verizon Communications director Hans Erik Vestberg reported an acquisition of phantom stock units through a deferred compensation plan. On the reported date, an award of 16,323.276 phantom stock units, each valued at $13.95, was credited to an indirect account under the plan.
After this grant, the deferred compensation plan held a total of 224,446.967 phantom stock units for his benefit. Each phantom stock unit is the economic equivalent of a portion of one Verizon common share, is settled in cash rather than stock, and becomes payable upon events Vestberg established under the plan. The total also reflects phantom stock accumulated through dividend reinvestment.
Verizon Communications executive Vandana Venkatesh, EVP and Chief Legal Officer, reported an acquisition of 5,899.235 unitized phantom stock units on February 26, 2026. These units are held indirectly 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 phantom stock becomes payable upon events that Venkatesh has established under the deferred compensation plan, and the reported total also includes units acquired through dividend reinvestment, bringing indirect holdings in this plan to 55,044.686 units after the transaction.
Verizon Communications senior vice president and controller Mary-Lee Stillwell acquired 2,623.1080 units of Phantom Stock (unitized) under a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one Verizon common share, is settled in cash, and becomes payable upon events she elected under the plan. Following this grant and dividend reinvestment, her indirect holdings through the deferred compensation plan total 16,052.7870 phantom stock units.
Verizon Communications EVP and CFO Anthony T. Skiadas acquired additional phantom stock units through a deferred compensation plan. On February 26, 2026, he was granted 7,222.922 unitized phantom stock derivatives at an indicated price of $13.95 per unit, held indirectly via the plan.
After this award, his deferred compensation plan account reflected a total of 141,102.593 phantom stock units. Each phantom stock unit is economically tied to a portion of one Verizon common share but is settled in cash, not stock, and can include amounts from dividend reinvestment.
Verizon Communications executive Joseph J. Russo, EVP & President of Global Networks & Technology, acquired 10,726.558 units of phantom stock through a grant under a deferred compensation plan. Each phantom stock unit is economically tied to Verizon common stock but is settled in cash rather than actual shares.
After this award, his indirect holdings in phantom stock through the plan total 81,378.827 units, including amounts accumulated via dividend reinvestment. A portion of the newly acquired units may be reallocated into other plan investments and will be paid out upon events he set under the plan.
Verizon Communications executive Kyle Malady reported an acquisition of deferred compensation units. On the reported date, he received 7,222.922 unitized phantom stock equivalents at a reference price of $13.95 per unit through a deferred compensation plan, bringing his indirect holdings in this plan to 410,401.085 phantom stock units.
Each phantom stock unit is described as the economic equivalent of a portion of one share of Verizon common stock but is settled in cash rather than stock. The filing notes that these amounts become payable upon events Mr. Malady previously established under the deferred compensation plan and that the total includes phantom stock acquired through dividend reinvestment.
Verizon Communications executive Samantha Hammock reported an acquisition of cash-settled phantom stock units through a deferred compensation plan. On this Form 4, she acquired 5,071.93 phantom stock units at an assigned price of $13.95 per unit, bringing her indirect holdings in this plan to 35,119.88 units.
Each phantom stock unit represents the economic equivalent of a portion of one Verizon common share but is settled in cash rather than stock. The units will be paid out in cash upon events that Ms. Hammock has established under the company’s deferred compensation plan, and they also include amounts accumulated through dividend reinvestment.
Verizon Communications director and CEO Daniel H. Schulman reported an acquisition of 4,223.943 phantom stock (unitized) units credited under a deferred compensation plan at an economic reference price of $13.95 per unit. These cash-settled phantom stock units are economically tied to Verizon common stock and generally pay out upon events elected under the plan. Following this grant and prior dividend-reinvestment credits, Schulman now indirectly holds 6,415.504 phantom stock units through the deferred compensation plan.
Verizon Communications director Hans Erik Vestberg reported open-market sales of 225,000 shares of Verizon common stock. On February 24, 2026, he sold 200,000 directly held shares and 25,000 shares held indirectly through two trusts, all at a weighted average price of $49.614 per share.
The filing notes these sales occurred in multiple trades at prices ranging from $49.395 to $49.865 per share. After the transactions, Vestberg directly holds 145,069 shares, with additional indirect holdings of 13,024 and 13,023 shares in two trusts and 307,315 shares held by grantor retained annuity trusts.
Verizon Communications executive Alfonso Villanueva Rodriguez reported an acquisition of deferred phantom stock units linked to Verizon common stock. On 02/12/2026, he acquired 74.154 units of phantom stock at $14.11 per unit through a deferred compensation plan. After this transaction, he indirectly held a total of 549.463 phantom stock units through the plan. Each phantom stock unit represents the economic equivalent of a portion of one Verizon common share, is settled in cash, and becomes payable upon events he has established under the deferred compensation plan. The total includes units accumulated through dividend reinvestment.
Verizon Communications director Hans Erik Vestberg reported an acquisition of phantom stock units through a deferred compensation plan. On 02/12/2026 he acquired 188.658 phantom stock (unitized) derivative securities at $14.11 per unit, held indirectly via the deferred compensation plan.
Following this transaction, Vestberg beneficially owns 208,123.691 phantom stock units. Each phantom stock unit is economically tied to a portion of one Verizon common share, is settled in cash, and becomes payable upon events he established under the company’s deferred compensation plan, including amounts from dividend reinvestment.
Verizon Communications executive Vandana Venkatesh reported an acquisition of derivative securities through a company plan. On 02/12/2026, she acquired 90.512 units of phantom stock at $14.11 per unit under a deferred compensation plan, held indirectly. Following this transaction, she beneficially owned 49,145.451 phantom stock units. Each phantom stock unit is economically tied to a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events she established under the deferred compensation plan. The total also includes phantom stock accumulated through dividend reinvestment.
Verizon Communications Inc. reported that senior vice president and controller Mary-Lee Stillwell acquired additional deferred compensation tied to company stock. On February 12, 2026, she received 41.44 units of phantom stock at $14.11 per unit through a deferred compensation plan.
Following this transaction, she indirectly holds 13,429.679 phantom stock units through the plan. Each phantom stock unit represents the economic value of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events she established under the plan.
Verizon Communications Inc. executive Anthony T. Skiadas, EVP and CFO, reported an acquisition of phantom stock units through a deferred compensation plan. On 02/12/2026 he acquired 123.227 phantom stock (unitized) derivatives at a reference price of $14.11 per unit.
Following this transaction, he indirectly holds 133,879.671 phantom stock units through the deferred compensation plan. Each phantom stock unit represents the economic equivalent of a portion of one share of Verizon common stock, is settled in cash, and becomes payable upon events he established under the plan.
Verizon Communications executive Joseph J. Russo reported an acquisition of phantom stock units through a deferred compensation plan. On 02/12/2026, he acquired 78.244 phantom stock (unitized) derivatives at a reference price of $14.11 per unit, held indirectly via the plan.
Following this transaction, Russo had 70,652.269 phantom stock units credited under the deferred compensation plan. Each phantom stock unit represents the economic value of a portion of one Verizon common share, is settled in cash, and becomes payable based on events and elections under the plan, including dividend reinvestment.