Form 4: Verizon EVP Malady Acquires Phantom Stock Units

Verizon's EVP and Group CEO-VZ Business, Kyle Malady, acquired 148.487 units of phantom stock, increasing his total beneficial ownership to 389,006.763 units.

Summary

• Kyle Malady, Executive Vice President and Group CEO-VZ Business at Verizon Communications Inc., reported an acquisition of phantom stock.
• The transaction occurred on October 9, 2025, involving 148.487 units of phantom stock.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The price of the derivative security (phantom stock unit) at the time of acquisition was $11.66.
• Following this transaction, Malady beneficially owns a total of 389,006.763 phantom stock units.
• The total beneficial ownership includes phantom stock units acquired through dividend reinvestment.
• Phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by an executive is a routine compensation event, generally viewed as a neutral to slightly positive signal due to increased insider alignment, though the transaction value is small relative to the company's size.

Positives

• Increased beneficial ownership by a key executive, Kyle Malady, aligns management interests with shareholder value.
• The acquisition of phantom stock through a deferred compensation plan indicates continued participation in the company's long-term incentive programs.

Industry Context

This transaction represents a routine executive compensation event within the telecommunications industry, where equity-linked incentives are common to align management with long-term company performance.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive compensation with company performance, potentially fostering long-term value creation.
• Employees: Reflects standard executive compensation practices within the company.

Key Dates

Keywords

Verizon, VZ, Kyle Malady, Phantom Stock, Insider Transaction, SEC Form 4, Executive Compensation, Deferred Compensation