Verizon SVP & Controller Acquires Phantom Stock via Deferred Compensation Plan

Transaction Overview

On September 24, 2026, Mary-Lee Stillwell, Senior Vice President and Controller of Verizon Communications Inc. ($VZ), acquired 43.278 units of unitized phantom stock at an unit price of $13.51, for a total value of approximately $584.69. The transaction was reported to the SEC on Form 4 on September 28, 2026.

Nature of Holdings & Mechanism

• Security: Phantom Stock (unitized), settled in cash and representing an economic equivalent to a fractional share of Verizon common stock (the 43.278 phantom units correspond to 12 underlying shares of common stock).
• Ownership: Indirectly held through Verizon's Deferred Compensation Plan.
• Post-Transaction Holdings: Following the transaction, Stillwell indirectly holds 17,187.165 phantom stock units, which include previously credited dividend reinvestments.

Market and Trading Significance

The trading significance of this transaction is Low. This acquisition represents a routine elective or programmatic deferral into an executive non-qualified deferred compensation plan rather than an open-market discretionary stock purchase. It does not reflect a change in executive sentiment or market direction.