Form 4: Verizon Executive Acquires Phantom Stock

Verizon EVP Kyle Malady acquired 139.915 phantom stock units via a deferred compensation plan.

Summary

• Kyle Malady, Executive Vice President and Group CEO-VZ Business at Verizon Communications Inc. (VZ), acquired phantom stock units.
• The transaction took place on September 25, 2025.
• Mr. Malady acquired 139.915 units of phantom stock at a price of $12.37 per unit.
• These phantom stock units are the economic equivalent of a portion of one share of common stock and are settled in cash.
• The units become payable upon events established by Mr. Malady in accordance with the deferred compensation plan.
• Following this acquisition, Mr. Malady indirectly beneficially owns a total of 388,858.276 phantom stock units through a deferred compensation plan, which includes units acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by a key executive, while routine for compensation, can be viewed as a minor positive signal of management's continued alignment with the company's long-term performance.

Positives

• An executive acquired additional phantom stock units, which can be interpreted as a signal of confidence in the company's future performance.
• The acquisition was part of a deferred compensation plan, indicating a long-term alignment of executive interests with shareholder value.

Negatives

• No direct negatives are apparent from this routine insider transaction filing.

Future Outlook

N/A

Industry Context

This is a routine insider transaction filing and does not provide specific information related to broader industry trends or the competitive landscape.

Related Party Transactions

• The transaction involves phantom stock acquired through a deferred compensation plan, which is a standard executive compensation arrangement between the executive and the company.

Stakeholder Impact

• Shareholders: May view the executive's increased beneficial ownership as a sign of confidence, aligning management interests with shareholder value.
• Management: Kyle Malady's compensation structure is further aligned with the company's performance through the deferred compensation plan.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of phantom stock by an executive as part of a deferred compensation plan. While it indicates continued alignment of management's interests with the company, it does not present new fundamental information that would warrant a change in investment recommendation based solely on this filing.

Keywords

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