Form 4: Verizon Director Caroline Litchfield Acquires Phantom Stock

Verizon Communications Inc. director Caroline Litchfield acquired 5,062 shares of phantom stock via a deferred compensation plan.

Summary

• Director Caroline Litchfield 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 11,402 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and does not indicate a change in company outlook.

Positives

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

Negatives

• None identified.

Risks

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

Future Outlook

The phantom stock units become payable to the director following the termination of her service as a director.

Industry Context

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

Comparison to Industry Standards

• The use of phantom stock as a component of director compensation is consistent with standard practices among large-cap telecommunications firms like AT&T and T-Mobile.

Corporate Governance

Stakeholder Impact

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

Next Steps

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

Key Dates

Keywords

Verizon, VZ, Director, Insider Trading, Phantom Stock, Deferred Compensation