Verizon CEO Daniel Schulman Acquires Phantom Stock Units via Deferred Comp Plan

Insider Filing Analysis: Verizon Communications Inc (NYSE: VZ)

Executive Summary

On October 23, 2026, Verizon Communications Inc filed a Form 4 detailing an acquisition of phantom stock units by Daniel H. Schulman, Director and Chief Executive Officer. The transaction took place on October 22, 2026, and represents an indirect acquisition via the company's Deferred Compensation Plan.

Key Transaction Details

• Reporting Person: Daniel H. Schulman (Director & CEO)
• Security: Phantom Stock (unitized)
• Transaction Code: A (Award / Acquisition)
• Shares Acquired: 206.156 units
• Unit Price: $12.91
• Total Transaction Value: $2,661.47
• Post-Transaction Beneficial Ownership: 10,013.257 units
• Nature of Holding: Indirect (By Deferred Compensation Plan)

Underlying Terms

According to the footnotes, each unit of phantom stock corresponds to the economic equivalent of a portion of one share of Verizon common stock (representing 59 shares of underlying common stock for this transaction) and settles in cash upon events defined under the Deferred Compensation Plan rules.

Market & Trading Impact

• Significance Level: Low
• Interpretation: This transaction represents routine programmatic participation in Verizon's executive deferred compensation framework rather than a discretionary open-market purchase or sale. Because the transaction size is modest ($2,661.47) and non-discretionary in nature, it carries no predictive directional signal for $VZ equity performance.