Verizon Communications CEO Acquires Phantom Stock via Deferred Compensation Plan

Insider Transaction Summary

Executive & Issuer Overview: Daniel H. Schulman, CEO and Director of Verizon Communications Inc. ($VZ), reported an acquisition of phantom stock units under the company's Deferred Compensation Plan.

Transaction Breakdown:

• Security: Phantom Stock (unitized)
• Transaction Code: A (Grant, award, or other acquisition)
• Transaction Date: August 27, 2026
• Units Acquired: 188.671 units (representing approximately 54 shares of Common Stock)
• Price per Unit: $14.11
• Total Transaction Value: ~$2,662.15
• Post-Transaction Holdings: 9,222.315 units (held indirectly through the Deferred Compensation Plan, which includes acquisitions via dividend reinvestment)

Market & Strategic Assessment: This transaction represents routine deferred compensation plan activity rather than an open-market purchase or sale. Because it reflects scheduled or automatic deferrals settled in cash upon future distribution events, it carries low predictive signal for the broader market.