Form 4: Verizon Director Roxanne Austin Acquires Phantom Stock

Verizon Communications Inc. director Roxanne S. Austin acquired 5,062 shares of phantom stock via the company's deferred compensation plan.

Summary

• Director Roxanne S. Austin 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 increases the director's total holdings in the deferred compensation plan to 36,492 shares.
• 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.

Positives

• Demonstrates continued alignment of director interests with company performance 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

Not applicable as this is a routine director compensation disclosure.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice among large-cap telecommunications firms to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with practices at peer companies like AT&T and T-Mobile.
• The disclosure follows standard SEC Section 16 reporting requirements for corporate insiders.

Corporate Governance

Stakeholder Impact

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

Next Steps

• No further actions required.

Key Dates

Keywords

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