Verizon CEO Daniel Schulman Acquires Phantom Stock via Deferred Compensation Plan

Overview

On October 9, 2026, a Form 4 was filed for Verizon Communications Inc ($VZ) disclosing an acquisition by Chief Executive Officer and Director Daniel H. Schulman.

Transaction Details

• Security: Phantom Stock (unitized)
• Transaction Code: 'A' (Grant, award, or other acquisition pursuant to Rule 16b-3(d))
• Transaction Date: October 8, 2026
• Amount: 201.115 units
• Price per Unit: $13.23
• Gross Value: $2,660.75
• Ownership Nature: Indirect, held through a Deferred Compensation Plan
• Ending Position: 9,807.101 units of phantom stock

Footnote Insights

• Each phantom stock unit represents the economic equivalent of a portion of one share of Verizon common stock, payable in cash upon designated distribution events established under the deferred compensation plan.
• The total post-transaction balance includes phantom stock acquired via dividend reinvestment.

Market & Significance Assessment

This transaction represents a routine allocation under Verizon's executive deferred compensation plan rather than an open-market discretionary purchase. Given the non-cash derivative structure and modest dollar amount (~$2.66K), this filing carries Low trading significance and provides minimal predictive signal for broader market direction.