Form 4: Verizon Director Jennifer Mann Acquires Phantom Stock
Statement of Changes in Beneficial Ownership
Verizon Communications Inc. director Jennifer K. Mann acquired 5,062 shares of phantom stock via the company's deferred compensation plan.
Summary
- Director Jennifer K. Mann acquired 5,062 shares of phantom stock on April 1, 2026.
- The phantom stock is the economic equivalent of one share of common stock and is settled in cash.
- The shares are held indirectly through a deferred compensation plan.
- Following this transaction, the total number of phantom stock units beneficially owned is 7,106.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation and equity holdings.
Positives
- Director alignment with company performance through deferred compensation participation.
- Continued investment in company equity equivalents by board leadership.
Negatives
- None identified; this is a standard director compensation transaction.
Risks
- Value of phantom stock is tied to the future performance of Verizon common stock.
- Settlement is contingent upon the director's termination of service.
Future Outlook
No specific forward-looking guidance provided; the transaction relates to standard director compensation and deferred equity participation.
Management Comments
- Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash.
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's equity performance.
Comparison to Industry Standards
- The transaction aligns with standard executive and director compensation practices at large-cap firms like AT&T and T-Mobile.
- Use of phantom stock is a common mechanism to provide equity-like incentives without immediate share dilution.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Director Jennifer Mann authorized several individuals to act as attorneys-in-fact for SEC filings. | 03/26/2026 | Standard administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders as this is a routine compensation-related transaction.
Next Steps
- The director will continue to hold these units until termination of service.
Key Dates
| Date | Description |
|---|---|
| 03/26/2026 | Date of Power of Attorney execution. |
| 04/01/2026 | Date of the phantom stock acquisition transaction. |
| 04/02/2026 | Date of filing submission. |
Keywords
Verizon, VZ, Director, Insider Trading, Phantom Stock, Deferred Compensation
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