Verizon (NYSE: VZ) SVP Stillwell gains phantom stock units in plan

Rhea-AI Filing Summary

Verizon Communications Inc. senior executive Mary-Lee Stillwell, SVP and Controller, reported an acquisition of phantom stock units through a deferred compensation plan. On January 15, 2026, a plan associated with her acquired 52.016 phantom stock units at $11.24 per unit. After this transaction, the deferred compensation plan holds 13,135.774 phantom stock units indirectly attributable to her.

Each phantom stock unit is economically tied to a portion of one share of Verizon common stock but is settled in cash rather than stock, and becomes payable upon events she selected under the deferred compensation plan. The reported total includes phantom stock that has been accumulated through dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stillwell Mary-Lee

Role SVP and Controller

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	52.016	$11.24	$584.66

Holdings After Transaction: Phantom Stock (unitized) — 13,135.774 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^*

Stillwell Mary-Lee

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and Controller

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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)	01/15/2026		A		52.016		(1)	(1)	Common Stock	15	$11.24	13,135.774(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 Mary-Lee Stillwell	01/16/2026
	** 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 Mary-Lee Stillwell?

SVP and Controller Mary-Lee Stillwell reported that a deferred compensation plan associated with her acquired 52.016 phantom stock (unitized) derivative securities on January 15, 2026 at a price of $11.24 per unit.

How many Verizon phantom stock units does Mary-Lee Stillwell now beneficially own indirectly?

Following the reported transaction, the deferred compensation plan associated with Mary-Lee Stillwell holds 13,135.774 phantom stock units, reported as indirectly beneficially owned.

What is phantom stock in the context of Verizon’s deferred compensation plan?

Each share of phantom stock is described as the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events established by the reporting person in line with the deferred compensation plan.

Are Verizon phantom stock units reported by Mary-Lee Stillwell settled in shares or cash?

The filing states that the phantom stock units are settled in cash, even though they are economically tied to a portion of one share of Verizon common stock.

How were some of the Verizon phantom stock units in this Form 4 accumulated?

The total reported phantom stock units include units acquired through dividend reinvestment, as disclosed in the explanation of responses.

Is the Verizon phantom stock held directly by Mary-Lee Stillwell?

No. The Form 4 reports the phantom stock units as indirectly owned, with the nature of ownership listed as "By Deferred Compensation Plan".