Verizon Controller Acquires Phantom Stock via Deferred Compensation
VERIZON COMMUNICATIONS INC
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Filing Summary
š Form 4 Filing: Verizon Communications Inc ($VZ) š¤ Insider: Mary-Lee Stillwell (SVP and Controller) š Transaction Date: 2026-10-22 š¹ Transaction Type: Acquisition (Code A) š¹ Security: Phantom Stock (unitized) š¹ Shares Transacted: 45.283 @ $12.91 (~$584.60) š¹ Shares Owned Following Transaction: 17,276.624 š¹ Ownership Type: Indirect (By Deferred Compensation Plan) ā ļø Significance: Low
Comprehensive Analysis
Executive Summary
On October 23, 2026, Mary-Lee Stillwell, Senior Vice President and Controller of Verizon Communications Inc ($VZ), reported the acquisition of 45.283 units of unitized phantom stock on October 22, 2026. The transaction was valued at $12.91 per unit, amounting to approximately $584.60.
Transaction Analysis
- Nature of Transaction: The acquisition occurred indirectly through Verizon's Deferred Compensation Plan.
- Security Details: Each unit of phantom stock represents the economic equivalent of a fraction of a share of Verizon common stock and is cash-settled according to terms set within the deferred compensation program.
- Holding Impact: Following the transaction, Stillwell holds 17,276.624 phantom stock units indirectly, which includes accumulations via dividend reinvestment.
Market Significance
This filing represents routine participation in an executive deferred compensation arrangement involving a negligible dollar amount. Consequently, it carries low trading significance and provides no directional signal on market outlook or corporate performance.
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Important Disclaimer
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