Hans Erik Vestberg of Verizon (VZ) granted cash-settled phantom stock units

Rhea-AI Filing Summary

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.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Vestberg Hans Erik

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	184.325	$14.44	$3K

Holdings After Transaction: Phantom Stock (unitized) — 224,631.292 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.

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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)	03/12/2026		A		184.325		(1)	(1)	Common Stock	53	$14.44	224,631.292(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 Hans Erik Vestberg	03/13/2026
	** 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.

FAQ

What insider transaction did Verizon (VZ) report for Hans Erik Vestberg?

Verizon reported that director Hans Erik Vestberg acquired 184.325 phantom stock units through a deferred compensation plan. These units are a cash-settled form of compensation, economically tied to Verizon’s common stock rather than an open-market stock purchase or sale.

What are phantom stock units in Verizon (VZ) deferred compensation?

Verizon’s phantom stock units are bookkeeping entries whose value tracks a portion of one common share and are settled in cash. They provide economic exposure to the stock price without issuing actual shares or voting rights to the reporting person under the plan.

How large is Hans Erik Vestberg’s phantom stock position at Verizon (VZ)?

After the reported grant, Hans Erik Vestberg holds 224,631.292 phantom stock units in Verizon’s deferred compensation plan. This total includes units acquired through grants and dividend reinvestment, all of which are designed to be settled in cash when payable.

Does the Verizon (VZ) Form 4 show an open-market stock trade by Hans Erik Vestberg?

The Form 4 does not show an open-market stock trade. It reports a grant of 184.325 phantom stock units under a deferred compensation plan, a compensation-related acquisition that settles in cash rather than a discretionary buy or sell of Verizon common shares.

How are Verizon (VZ) phantom stock units paid to Hans Erik Vestberg?

Phantom stock units are paid in cash when triggering events occur under the deferred compensation plan. Those events are established by Hans Erik Vestberg in accordance with plan terms, linking payout timing to his individual deferred compensation elections and plan provisions.