Form 4: Verizon Director Mark Bertolini Acquires Phantom Stock
Statement of Changes in Beneficial Ownership
Verizon Communications Inc. director Mark T. Bertolini acquired 5,062 shares of phantom stock via the company's deferred compensation plan.
Summary
- Director Mark T. Bertolini 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 acquisition was made through the Verizon Communications Inc. Deferred Compensation Plan.
- Following this transaction, the director holds a total of 66,759 shares of phantom stock.
- The shares become payable upon the director's termination of service.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not impact the company's operational outlook.
Positives
- Demonstrates continued alignment of director interests with the company through deferred compensation participation.
Negatives
- None identified.
Risks
- Value of phantom stock is tied to the performance of Verizon common stock, exposing the director to market volatility.
Future Outlook
No specific forward-looking guidance provided; the transaction is a routine administrative update regarding director compensation.
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 use of phantom stock plans for directors is consistent with compensation structures at major telecommunications peers like AT&T and T-Mobile.
- The reporting of these transactions via Form 4 complies with standard SEC disclosure requirements for public company directors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Mark T. Bertolini authorized several individuals to act as attorneys-in-fact for SEC filings. | 03/26/2026 | Administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- No material impact on shareholders, employees, or creditors.
Next Steps
- No future actions or milestones mentioned.
Key Dates
| Date | Description |
|---|---|
| 03/26/2026 | Date of execution for the Power of Attorney. |
| 04/01/2026 | Date of the phantom stock acquisition transaction. |
| 04/02/2026 | Date of filing for the Form 4. |
Keywords
Verizon, VZ, Insider Trading, Form 4, Director Compensation, Phantom Stock
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