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Verizon (VZ) EVP granted cash-settled phantom stock units in Form 4 filing

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

Rhea-AI Filing Summary

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.

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Insider Villanueva Rodriguez Alfonso
Role EVP&Int.Group CEO-VZ Cons.&CTO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 72.297 $14.47 $1K
Holdings After Transaction: Phantom Stock (unitized) — 5,931.602 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.
Phantom stock units granted 72.297 units Grant of unitized phantom stock on 2026-03-26
Phantom stock unit reference price $14.47 per unit Price per phantom stock unit for the grant
Total phantom stock units after grant 5,931.602 units Balance in deferred compensation plan after transaction
Underlying common stock equivalent 21.0000 shares Underlying Verizon common stock referenced by phantom stock entry
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)""
Deferred Compensation Plan financial
"nature_of_ownership: "By Deferred Compensation Plan""
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
dividend reinvestment financial
"Includes phantom stock acquired through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Villanueva Rodriguez Alfonso
(Last)(First)(Middle)
VERIZON COMMUNICATIONS INC.
1095 AVENUE OF THE AMERICAS
(Street)
NEW YORK NEW YORK 10036
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP&Int.Group CEO-VZ Cons.&CTO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock (unitized)(1)03/26/2026A72.297 (1) (1)Common Stock21$14.475,931.602(2)IBy 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 Alfonso Villanueva Rodriguez03/30/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Verizon (VZ) report for Alfonso Villanueva Rodriguez?

Verizon reported that executive Alfonso Villanueva Rodriguez received 72.297 unitized phantom stock units through a deferred compensation plan. These units are a cash-settled, stock-linked compensation award rather than an open-market stock purchase, aligning part of his pay with Verizon’s share performance.

Is the Verizon (VZ) Form 4 transaction a stock purchase or a compensation grant?

The Form 4 shows a compensation grant, not an open-market stock purchase. Alfonso Villanueva Rodriguez received phantom stock units as a “grant, award, or other acquisition,” reflecting deferred compensation whose value tracks Verizon’s common stock rather than a direct buy of shares.

Does the Verizon (VZ) phantom stock grant involve actual common shares being issued?

The phantom stock grant does not involve issuing Verizon common shares. Each unit is the economic equivalent of a portion of one common share but is settled entirely in cash, so it does not carry voting rights or directly change the company’s outstanding share count.

How is the Verizon (VZ) phantom stock award for the executive settled and paid out?

The phantom stock award is settled in cash, not stock. Payment occurs upon events established by Alfonso Villanueva Rodriguez under the deferred compensation plan, so the eventual cash payout reflects Verizon’s share performance over time rather than immediate share delivery.

What does “By Deferred Compensation Plan” mean in the Verizon (VZ) Form 4 filing?

“By Deferred Compensation Plan” indicates the phantom stock units are held indirectly through a plan that defers part of the executive’s compensation. The plan credits phantom stock units, whose value tracks Verizon’s common stock, and later pays cash according to elected payout events.