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 under a deferred compensation plan.

Summary

• Alfonso Villanueva Rodriguez, an executive at Verizon Communications Inc., acquired 79.951 phantom stock units on June 17, 2026.
• These phantom stock units are the economic equivalent of a portion of one share of common stock and will be settled in cash.
• The acquisition occurred under a deferred compensation plan, with payment contingent upon events established by the reporting person.
• The filing also notes the inclusion of phantom stock acquired through dividend reinvestment.
• The reporting person's beneficial ownership of common stock following this transaction is 6,489.004 shares, 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 transaction related to compensation rather than a significant strategic or financial event.

Positives

• Executive participation in deferred compensation plans can indicate confidence in the company's long-term value.
• Dividend reinvestment suggests a strategy to increase long-term holdings.

Risks

• The value of phantom stock is tied to the company's stock performance, meaning a decline in Verizon's stock price would negatively impact the value of these units.
• The settlement of phantom stock is subject to specific events defined in the deferred compensation plan, which could introduce timing uncertainties for the executive.

Future Outlook

The future outlook for the phantom stock units is dependent on the performance of Verizon's common stock and the specific events outlined in the deferred compensation plan for settlement.

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 count or immediate market dynamics, but it reflects executive compensation practices.
• Employees: This filing is specific to executive compensation and does not directly impact general employee compensation or benefits.
• Management: The acquisition of phantom stock aligns executive interests with the company's stock performance.

Next Steps

• Settlement of phantom stock units upon the occurrence of events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Keywords

Verizon, SEC Form 4, Insider Trading, Phantom Stock, Deferred Compensation, Executive Compensation, Stock Acquisition, Villanueva Rodriguez Alfonso