Form 4: Verizon SVP and Controller Increases Phantom Stock Holdings Through Deferred Compensation Plan

Verizon Communications Inc. SVP and Controller Mary-Lee Stillwell acquired 46.387 phantom stock units through a deferred compensation plan, increasing her total beneficial ownership to 12,044.045 units.

Summary

• Mary-Lee Stillwell, the Senior Vice President and Controller of Verizon Communications Inc. (VZ), reported a transaction on July 2, 2025.
• The transaction involved the acquisition of 46.387 phantom stock units at a price of $12.44 per unit.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The derivative securities are underlying 13 shares of Verizon Common Stock.
• Following this transaction, Mary-Lee Stillwell's total beneficial ownership of phantom stock units increased to 12,044.045 units.
• This total includes phantom stock units acquired through dividend reinvestment.
• The ownership form is indirect, held through a Deferred Compensation Plan.

Sentiment

Score: 6

Explanation: The filing indicates a routine executive compensation transaction involving the acquisition of phantom stock, which is a neutral to slightly positive event as it aligns executive interests with shareholders without indicating any specific operational or financial changes.

Positives

• The acquisition of additional phantom stock units by a senior executive aligns their financial interests with those of shareholders, potentially encouraging long-term value creation.
• The transaction occurred through a deferred compensation plan, indicating a structured and routine component of executive compensation.

Negatives

• No apparent negatives are disclosed in this routine Form 4 filing.

Risks

• No specific risks related to the company's operations, financial health, or future prospects are disclosed in this Form 4 filing, as it pertains solely to an insider transaction.

Future Outlook

No forward-looking statements or guidance regarding Verizon's future performance or strategic direction are provided in this Form 4 filing, as it focuses solely on an individual insider transaction.

Management Comments

• No direct quotes from company management are provided; the filing details a transaction by a senior executive as required by SEC regulations.

Industry Context

This Form 4 filing reflects a routine executive compensation transaction, which is a common practice across publicly traded companies. Executives often receive equity-linked incentives and participate in deferred compensation plans to align their interests with long-term company performance. This specific filing does not provide broader insights into telecommunications industry trends or competitive dynamics.

Comparison to Industry Standards

• Not applicable; this Form 4 details an individual executive's transaction and does not provide company performance metrics or operational results for industry comparison. Executive compensation structures, including phantom stock and deferred compensation plans, are standard across large corporations like AT&T, T-Mobile, and Comcast, but the specifics of individual holdings are not typically used for direct industry performance comparisons.

Stakeholder Impact

• Shareholders: The increase in phantom stock ownership by a senior executive aligns their financial interests with those of shareholders, potentially encouraging long-term value creation.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Keywords

Verizon, VZ, SEC Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Executive Compensation, Beneficial Ownership, Stock Acquisition