Form 4: Verizon SVP Acquires Phantom Stock in Routine Transaction

Verizon's SVP and Controller, Mary-Lee Stillwell, acquired 48.986 units of phantom stock through a deferred compensation plan, increasing her indirect beneficial ownership to 12,983.469 units.

Summary

• Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., acquired 48.986 units of phantom stock.
• The transaction occurred on December 4, 2025.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash; the 48.986 units acquired are equivalent to 14 shares of common stock.
• The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• Following this acquisition, Ms. Stillwell indirectly beneficially owns 12,983.469 units of phantom stock through a deferred compensation plan.
• This total includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by a senior executive is a routine event often tied to compensation plans, generally viewed as a neutral to slightly positive signal as it aligns executive interests with long-term company performance.

Positives

• An executive acquired additional phantom stock, which aligns their interests with shareholders' long-term performance.
• The increase in beneficial ownership demonstrates continued participation in the company's deferred compensation plan.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: The transaction aligns the executive's long-term interests with shareholder value, as phantom stock is tied to common stock performance.
• Employees: Demonstrates the company's executive compensation structure, which may influence broader employee compensation strategies.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock by a senior executive as part of a deferred compensation plan. Such transactions are common and generally do not indicate a significant change in the company's fundamental outlook or warrant a change in investment recommendation.

Keywords

Verizon, VZ, SEC Form 4, insider transaction, phantom stock, deferred compensation, executive compensation, Mary-Lee Stillwell