Form 4: Verizon Executive Kyle Malady Acquires Phantom Stock Through Deferred Compensation Plan

Verizon Communications Inc. EVP and Group CEO-VZ Business, Kyle Malady, acquired 140.645 units of phantom stock through a deferred compensation plan, increasing his total beneficial ownership to 381,602.517 units.

Summary

• Kyle Malady, EVP and Group CEO-VZ Business at Verizon Communications Inc. (VZ), acquired 140.645 units of phantom stock.
• The transaction occurred on May 22, 2025.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The units become payable upon events established by Mr. Malady in accordance with the deferred compensation plan.
• The price of the derivative security was $12.31 per unit.
• Following this acquisition, Mr. Malady beneficially owns 381,602.517 phantom stock units indirectly through a Deferred Compensation Plan.
• This total includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by an executive, even through a compensation plan, is a neutral to slightly positive signal as it aligns executive interests with the company's long-term performance and indicates continued participation in incentive programs.

Positives

• Acquisition of phantom stock by a key executive indicates continued participation in the company's long-term incentive and deferred compensation plans.
• The increase in beneficial ownership, even through a compensation plan, aligns executive interests with shareholder value over the long term.

Future Outlook

The document does not provide forward-looking statements or guidance regarding the company's future performance, as it is a disclosure of an insider's securities transaction.

Industry Context

This Form 4 filing is a routine disclosure of an executive's compensation-related stock acquisition and does not provide broader insights into industry trends or competitive landscape within the telecommunications sector.

Stakeholder Impact

• Shareholders: The transaction aligns executive interests with long-term company performance, as phantom stock value is tied to common stock performance.

Key Dates

Keywords

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