Form 4: Clarence Otis Jr. Increases Verizon Phantom Stock Holdings

Director Clarence Otis Jr. acquired 5,062 shares of phantom stock in Verizon Communications Inc. via a deferred compensation plan.

Summary

• Director Clarence Otis Jr. was granted 5,062 shares of phantom stock on April 1, 2026.
• The phantom stock is the economic equivalent of common stock and is settled in cash upon the director's termination of service.
• Following this transaction, the reporting person holds a total of 152,430 shares of phantom stock.
• The acquisition was made through the company's deferred compensation plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Demonstrates continued alignment of director interests with the company through deferred compensation participation.

Negatives

• None identified.

Risks

• Value of phantom stock is tied to the performance of Verizon common stock, exposing the director to market volatility.

Future Outlook

Not applicable as this is a routine director compensation disclosure.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice in the telecommunications sector to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with standard practices at large-cap companies like AT&T and T-Mobile.
• The reporting of these transactions via Form 4 complies with SEC regulatory requirements for public company directors.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation-related transaction.

Next Steps

• No further actions required by the reporting person.

Key Dates

Keywords

Verizon, VZ, Insider Trading, Form 4, Director Compensation, Phantom Stock