Form 4: Verizon CEO Daniel Schulman Acquires Phantom Stock Units

Verizon Communications CEO Daniel H. Schulman acquired 207.776 units of phantom stock via the company's deferred compensation plan.

Summary

• Reporting person Daniel H. Schulman, CEO of Verizon Communications Inc., acquired 207.776 units of phantom stock.
• The transaction occurred on June 4, 2026.
• The phantom stock units are unitized and represent the economic equivalent of common stock, settled in cash.
• Following this transaction, the total number of phantom stock units held by the reporting person in the deferred compensation plan is 7,877.354.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard executive compensation activity.

Positives

• Demonstrates continued alignment of executive interests with the company through participation in the deferred compensation plan.

Negatives

• None identified.

Risks

• The value of phantom stock units is tied to the performance of Verizon common stock, exposing the holder to market volatility.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that routine acquisitions of phantom stock by executives via deferred compensation plans are standard corporate governance practices and do not typically signal a change in strategic direction or market outlook.

Comparison to Industry Standards

• The use of deferred compensation plans for executive equity-linked compensation is a standard practice among large-cap telecommunications firms like AT&T and T-Mobile.

Stakeholder Impact

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

Next Steps

• None.

Key Dates

Keywords

Verizon, VZ, Daniel Schulman, Form 4, Insider Trading, Phantom Stock, Deferred Compensation