Form 4: Verizon Executive Acquires Phantom Stock

Alfonso Villanueva Rodriguez, EVP & Int. Group CEO-VZ Cons. & CTO at Verizon Communications Inc., acquired phantom stock units on July 1, 2026, as part of a deferred compensation plan.

Summary

• Alfonso Villanueva Rodriguez, an executive at Verizon Communications Inc., acquired phantom stock units on July 1, 2026.
• The acquisition was made under a deferred compensation plan.
• Each phantom stock unit is economically equivalent to a portion of one share of common stock and will be settled in cash.
• The shares of phantom stock become payable upon events established by the reporting person.
• The reporting person also acquired additional phantom stock 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 can indicate confidence in the company's future performance.
• Dividend reinvestment in phantom stock suggests continued accumulation of value tied to Verizon's stock.

Risks

• The value of phantom stock is tied to the performance of Verizon's common stock, meaning a decline in stock price would reduce the value of these units.
• The payout of phantom stock is contingent on specific events established by the reporting person, which could introduce timing uncertainties.

Future Outlook

The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan, indicating a future cash settlement tied to company performance.

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, aligning their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share count but reflects executive compensation structures tied to company performance.
• Employees: This filing is specific to executive compensation and does not directly impact general employee compensation or benefits.
• Management: The transaction is part of the executive's compensation package, reflecting their role and responsibilities within the company.

Next Steps

• Phantom stock units will be settled in cash upon events established by the reporting person.
• Further transactions by reporting persons will be disclosed via subsequent SEC filings.

Key Dates

Keywords

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