Verizon Controller Acquires Phantom Stock via Deferred Compensation Plan
VERIZON COMMUNICATIONS INC
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Filing Summary
Insider Filing Alert: Verizon Communications Inc (VZ) • Insider: Mary-Lee Stillwell (SVP and Controller) • Action: Acquisition (Phantom Stock via Deferred Compensation Plan) • Shares: 44.176 @ $13.23 (~$584.45) • Holdings After: 17,231.341 units • Significance: Low (Routine deferred compensation credit)
Comprehensive Analysis
Executive Summary
On October 8, 2026, Mary-Lee Stillwell, Senior Vice President and Controller of Verizon Communications Inc. (NYSE: VZ), acquired 44.176 units of unitized phantom stock at an effective price of $13.23 per share, representing a total transaction value of approximately $584.45.
Transaction Details
- Security: Phantom Stock (unitized), settled in cash.
- Transaction Code: A (Acquisition / Award).
- Nature of Ownership: Indirect, held through a Deferred Compensation Plan.
- Post-Transaction Holdings: 17,231.341 phantom stock units.
Market & Trading Significance
The trading significance of this filing is Low. The transaction represents a routine, small-scale non-discretionary credit under the company's executive deferred compensation plan rather than an open-market purchase or sale. As such, it does not provide an actionable signal regarding management's outlook on Verizon's underlying common equity.
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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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