Verizon Communications CEO Daniel H. Schulman Acquires Phantom Stock via Deferred Compensation

Executive Summary

On September 11, 2026, Verizon Communications Inc. ($VZ) filed a Form 4 reporting an acquisition of derivative securities by CEO and Director Daniel H. Schulman. The transaction took place on September 10, 2026, and involved the acquisition of 186.642 units of unitized Phantom Stock at a price of $14.26 per share, totaling approximately $2,661.51.

Transaction Details

• Reporting Owner: Daniel H. Schulman (CEO & Director)
• Security: Phantom Stock (unitized)
• Transaction Code: A (Grant, award, or other acquisition)
• Shares/Units Acquired: 186.642
• Transaction Price: $14.26 per unit
• Total Transaction Value: ~$2,661.51
• Underlying Security: 53 shares of Common Stock
• Post-Transaction Ownership: 9,408.957 units held indirectly via a Deferred Compensation Plan

Strategic & Market Implications

This transaction represents an automatic or planned credit of phantom stock units under Verizon's deferred compensation plan rather than an open-market purchase or sale. Because this is a small, routine deferred compensation allocation, it carries Low trading significance and does not signal a material change in executive sentiment or insider positioning.