Form 4: Verizon Director Laxman Narasimhan Acquires Phantom Stock

Verizon Director Laxman Narasimhan acquired 5,062 shares of phantom stock via the company's deferred compensation plan.

Summary

• Director Laxman Narasimhan acquired 5,062 shares of phantom stock on April 1, 2026.
• The phantom stock is the economic equivalent of Verizon common stock and is settled in cash.
• These shares are held indirectly through a deferred compensation plan.
• Following this transaction, the director's total beneficial ownership of phantom stock is 33,125 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 strategy or financial health.

Positives

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

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 following the reporting person's termination of 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 without immediate cash outlay.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with standard practices among large-cap telecommunications firms like AT&T and T-Mobile to align director interests with shareholder value.

Corporate Governance

Stakeholder Impact

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

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, Laxman Narasimhan