Verizon Director Charles E. Phillips Jr. Receives Phantom Stock Grant
VERIZON COMMUNICATIONS INC
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Filing Summary
SEC Form 4 Alert: VERIZON COMMUNICATIONS INC ($VZ) Insider: Charles E. Phillips Jr. (Director) Transaction Date: September 25, 2026 Security: Phantom Stock Type: Acquisition (Award / Grant) Shares Transacted: 1,770 @ $0.00 Ending Holdings: 1,770 shares (Indirect via Deferred Compensation Plan) Trading Significance: Low (Routine Director Compensation)
Comprehensive Analysis
Overview
On September 29, 2026, Verizon Communications Inc. ($VZ) filed a Form 4 on behalf of board member Charles E. Phillips, Jr. detailing the acquisition of 1,770 shares of Phantom Stock on September 25, 2026.
Transaction Details
- Security: Phantom Stock
- Nature of Transaction: Grant/Award (Transaction Code
A) - Shares Acquired: 1,770 units
- Price per Unit: $0.00
- Post-Transaction Beneficial Ownership: 1,770 units held indirectly through a Deferred Compensation Plan.
- Terms: Each share of phantom stock represents the economic equivalent of one share of Verizon common stock, payable in cash following termination of board service.
Market Impact & Significance
This acquisition represents standard non-employee director compensation credited via the company's deferred compensation arrangement. Because it is an automatic grant rather than an open-market purchase or sale, it carries Low trading significance and does not signal directional insider sentiment regarding Verizon's operational outlook.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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