Verizon EVP Joseph J. Russo Acquires Phantom Stock via Deferred Compensation Plan
VERIZON COMMUNICATIONS INC
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Filing Summary
Form 4 Alert: Verizon Communications Inc ($VZ) Insider: Russo Joseph J. (EVP&Pres-Global Networks&Tech) Transaction: Acquisition of 78.249 Phantom Stock units at $14.11/share ($1,104.09 total value) Date: 2026-08-27 Ownership After: 84,873.655 phantom shares (Indirect via Deferred Comp) Significance: Low (Routine deferred compensation plan transaction)
Comprehensive Analysis
Insider Transaction Summary
- Reporting Owner: Joseph J. Russo, Executive Vice President & President – Global Networks & Technology
- Issuer: Verizon Communications Inc ($VZ)
- Transaction Date: August 27, 2026
- Filing Date: August 31, 2026
- Security: Phantom Stock (unitized)
- Transaction Code:
A(Grant, award, or other acquisition) - Quantity: 78.249 units
- Price Per Share: $14.11
- Total Transaction Value: ~$1,104.09
- Post-Transaction Holdings: 84,873.655 phantom stock units (held indirectly through the Deferred Compensation Plan)
Key Notes & Context
- The phantom stock units are acquired under Verizon's Deferred Compensation Plan and represent the economic equivalent of underlying common stock, payable in cash upon future distribution events chosen by the reporting person.
- Due to the nature of routine deferred compensation crediting and the nominal transaction size, this filing has low trading significance for investors.
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