Form 4: Verizon Executive Acquires Phantom Stock Units

Alfonso Villanueva Rodriguez, EVP & Int. Group CEO-VZ Cons. & CTO at Verizon Communications Inc., acquired phantom stock units valued at $13.44 per unit.

Summary

• Alfonso Villanueva Rodriguez, an executive officer at Verizon Communications Inc., acquired phantom stock units on May 7, 2026.
• The acquisition involved 77.847 phantom stock units, with each unit representing the economic equivalent of a portion of one share of common stock.
• These phantom stock units are settled in cash and become payable upon events established by the reporting person under a deferred compensation plan.
• The acquisition price per unit was $13.44.
• Following the transaction, Mr. Rodriguez beneficially owns 6,251.429 phantom stock units, held indirectly through a deferred compensation plan.

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 compensation aligns with long-term value through phantom stock units.
• Dividend reinvestment is utilized to increase holdings in phantom stock units.

Risks

• Phantom stock units are subject to cash settlement, meaning the executive receives cash rather than actual shares, which could have tax implications or differ from direct equity ownership.
• The value of phantom stock is tied to the company's stock price, exposing the executive to market fluctuations.

Future Outlook

The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan, indicating future cash payouts tied to specific triggers.

Industry Context

StockSavvy.ai notes that the use of phantom stock units is a common executive compensation tool in the telecommunications industry, allowing companies to incentivize leadership with equity-like instruments without diluting common stock.

Stakeholder Impact

• Shareholders: The transaction reflects executive compensation practices and does not directly impact share count or immediate shareholder value, but indicates continued executive commitment.
• Employees: This filing is specific to executive compensation and has no direct impact on general employee compensation or benefits.
• Management: The acquisition of phantom stock aligns management's interests with the company's performance, as the value is tied to the stock price.

Next Steps

• Phantom stock units will be settled in cash upon the occurrence of events established by the reporting person under the deferred compensation plan.

Key Dates

Keywords

Verizon, VZ, Form 4, Insider Trading, Executive Compensation, Phantom Stock, Deferred Compensation, Stock Acquisition