Form 4: Verizon Executive Mary-Lee Stillwell Reports Phantom Stock Acquisition

Mary-Lee Stillwell, SVP and Controller at Verizon Communications Inc., reported the acquisition of 42.446 phantom stock units on May 21, 2026, as part of a deferred compensation plan.

Summary

• Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., acquired 42.446 phantom stock units on May 21, 2026.
• These phantom stock units are economically equivalent to a portion of one share of common stock and will be settled in cash.
• The phantom stock units become payable upon events established by Stillwell in accordance with the company's deferred compensation plan.
• The acquisition includes phantom stock acquired through dividend reinvestment.
• The total number of phantom stock units beneficially owned following this transaction is 16,541.734, held indirectly through a Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, representing a routine executive compensation transaction rather than a significant event impacting the company's financial performance or strategic direction.

Positives

• The acquisition of phantom stock units indicates continued participation and investment in the company's long-term equity value by a key executive.
• Dividend reinvestment suggests that the executive is benefiting from and reinvesting company profits back into their holdings.

Future Outlook

The phantom stock units are payable upon events established by the reporting person in accordance with the deferred compensation plan, indicating a future cash settlement based on specific triggers.

Industry Context

StockSavvy.ai notes that executive compensation structures, including phantom stock and deferred compensation plans, are common in the telecommunications industry as a means to retain talent and align executive interests with long-term shareholder value. This filing is a standard disclosure for such transactions.

Stakeholder Impact

• Shareholders: This transaction is a standard part of executive compensation and does not directly impact shareholder equity or voting rights, but reflects ongoing executive commitment.
• Employees: The deferred compensation plan structure is a common benefit for senior executives, aligning their interests with the company's performance.
• Management: The transaction reflects the ongoing compensation and incentive structure for senior leadership.

Next Steps

• The phantom stock units will be settled in cash upon the occurrence of events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Keywords

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