Form 4: Verizon Executive Kyle Malady Boosts Phantom Stock Holdings Through Dividend Reinvestment

Verizon Communications Inc. EVP and Group CEO-VZ Business, Kyle Malady, has increased his indirect beneficial ownership of phantom stock units through a routine dividend reinvestment.

Summary

• Kyle Malady, Executive Vice President and Group CEO-VZ Business at Verizon Communications Inc. (VZ), acquired 145.529 phantom stock units.
• The transaction occurred on June 18, 2025, and was an acquisition (A) of derivative securities.
• These phantom stock units were acquired through dividend reinvestment into a deferred compensation plan.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The price of the derivative security for this acquisition was $11.89 per unit.
• Following this transaction, Mr. Malady's total indirect beneficial ownership of phantom stock units stands at 381,888.143 units, held via a deferred compensation plan.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it reflects an executive's continued accumulation of company-linked equity, albeit through a routine dividend reinvestment, which aligns their interests with shareholders.

Positives

• The acquisition of additional phantom stock units, even through dividend reinvestment, indicates continued participation and alignment of executive interests with shareholder value.
• The increase in total beneficial ownership of phantom stock units to over 381,000 units demonstrates a significant long-term stake by a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine disclosure of an insider transaction, common across all publicly traded companies, and does not provide specific insights into broader industry trends or competitive dynamics within the telecommunications sector.

Stakeholder Impact

• Shareholders: The transaction indicates an executive's continued stake in the company's performance, which can be viewed positively as it aligns management interests with shareholder returns.

Key Dates

Keywords

Verizon Communications Inc., VZ, SEC Form 4, Insider Transaction, Phantom Stock, Executive Compensation, Dividend Reinvestment, Deferred Compensation Plan, Kyle Malady