Form 4: Verizon Executive Acquires Phantom Stock

Alfonso Villanueva Rodriguez, EVP & Int. Group CEO-VZ Cons. & CTO at Verizon Communications Inc., acquired 76.743 phantom stock units on April 9, 2026, as part of a deferred compensation plan.

Summary

• Alfonso Villanueva Rodriguez, an executive at Verizon Communications Inc., acquired 76.743 phantom stock units on April 9, 2026.
• These phantom stock units are part of a deferred compensation plan and are economically equivalent to a portion of one share of common stock.
• The phantom stock becomes payable upon events established by the reporting person under the plan.
• The executive also holds 6,008.345 phantom stock units indirectly through a deferred compensation plan, which includes units acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine executive compensation transaction rather than a significant strategic or financial event.

Positives

• Executive participation in deferred compensation plans indicates long-term incentive alignment with the company.
• Acquisition of phantom stock suggests continued commitment and investment in the company's future performance.

Negatives

• The filing does not disclose the specific value or cost of the acquired phantom stock units, only the quantity.
• The nature of phantom stock means the executive does not directly own common stock, but rather a cash equivalent tied to stock performance.

Risks

• The value of the phantom stock is subject to the future performance of Verizon's common stock.
• The deferred compensation plan's payout triggers are dependent on specific events, which may not align with the executive's immediate liquidity needs or market conditions.

Future Outlook

The future outlook for the phantom stock is tied to the performance of Verizon's common stock and the specific payout events defined in the deferred compensation plan.

Industry Context

StockSavvy.ai notes that the use of phantom stock and deferred compensation plans is a common practice among large telecommunications companies like Verizon to attract and retain executive talent by aligning their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share price but reflects executive compensation structures. The value of the phantom stock is tied to share performance.
• Employees: This filing is specific to executive compensation and does not directly impact general employee compensation or benefits.
• Management: Alfonso Villanueva Rodriguez's compensation is directly affected by this transaction and the future performance of the phantom stock.

Next Steps

• The phantom stock will become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Keywords

Verizon Communications, Form 4, SEC Filing, Phantom Stock, Deferred Compensation, Executive Compensation, Insider Trading, Stock Acquisition