Verizon EVP Kyle Malady Acquires Phantom Stock via Deferred Compensation Plan

Overview & Context

On October 9, 2026, Verizon Communications Inc. ($VZ) filed a Form 4 disclosing that Kyle Malady, EVP and Group CEO-VZ Business, acquired 131.364 units of unitized phantom stock on October 8, 2026. The transaction was executed at a price of $13.23 per unit, representing a total value of approximately $1,737.95.

Transaction Details

• Security: Phantom Stock (unitized)
• Transaction Code: 'A' (Award/acquisition)
• Underlying Shares: 38 shares of Common Stock
• Ownership Structure: Indirect, held by a Deferred Compensation Plan
• Post-Transaction Holdings: 424,643.723 phantom stock units (including units acquired through dividend reinvestment)

Market & Strategic Impact

This transaction represents an automatic or routine credit under Verizon's deferred compensation plan rather than an open-market trade. The transaction size (~$1.7k) is nominal relative to the executive's overall phantom stock balance of over 424,643 units. As such, this transaction has low market significance and provides no directional signal regarding executive sentiment or operational performance.