Form 4: Verizon Director Carol B. Tome Acquires Phantom Stock

Verizon Communications Inc. director Carol B. Tome acquired 5,062 shares of phantom stock via the company's deferred compensation plan.

Summary

• Director Carol B. Tome acquired 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.
• The shares are held indirectly through a deferred compensation plan.
• Following this transaction, the total beneficial ownership of phantom stock is 28,415 shares.

Sentiment

Score: 5

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

Positives

• Director demonstrates continued alignment with company performance through participation in the deferred compensation plan.

Negatives

• None identified.

Risks

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

Future Outlook

The phantom stock units become payable upon the director's termination of service with the company.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice in the telecommunications sector, signaling long-term commitment to the issuer.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with standard practices at large-cap firms like AT&T and T-Mobile.
• The reporting of these transactions via Form 4 complies with standard SEC Section 16 disclosure requirements.

Corporate Governance

Stakeholder Impact

• No material impact on shareholders, employees, or creditors.

Next Steps

• The director will continue to hold these units until termination of service.

Key Dates

Keywords

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