Verizon Communications EVP Kyle Malady Acquires Phantom Stock via Deferred Compensation Plan

Executive Summary

On September 11, 2026, Verizon Communications Inc ($VZ) filed a Form 4 reporting an acquisition of derivative securities by Kyle Malady, Executive Vice President and Group CEO - VZ Business. The transaction occurred on September 10, 2026, involving 121.911 units of unitized phantom stock at an acquisition price of $14.26 per unit under the company's deferred compensation plan.

Transaction Breakdown

• Security: Phantom Stock (unitized)
• Transaction Code: A (Award / Acquisition)
• Quantity: 121.911 units (representing 35 underlying shares of Common Stock)
• Price per Unit: $14.26
• Total Transaction Value: $1,738.45
• Ownership Nature: Indirect (By Deferred Compensation Plan)
• Ending Balance: 424,383.664 phantom stock units

Market Impact & Significance

This transaction is categorized as Low Significance. It represents routine participation in Verizon's non-qualified deferred compensation plan rather than open-market discretionary trading activity. Such acquisitions are standard executive compensation events and do not provide actionable signaling regarding executive sentiment or operational outlook.