Verizon EVP Joseph J. Russo Acquires Phantom Stock via Deferred Comp Plan
VERIZON COMMUNICATIONS INC
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Filing Summary
SEC Form 4 Filing Alert: Verizon Communications Inc ($VZ) • Insider: Joseph J. Russo (EVP & Pres-Global Networks & Tech) • Transaction: Acquired 77.408 units of Phantom Stock at $14.26/share (~$1,103.84 total) • Ownership Post-Transaction: 84,951.063 units (Indirect via Deferred Compensation Plan) • Significance: Low (Routine deferred compensation contribution)
Comprehensive Analysis
Insider Filing Analysis: Verizon Communications Inc ($VZ)
Executive Summary
On September 11, 2026, Verizon Communications Inc. ($VZ) filed a Form 4 reporting an acquisition of unitized phantom stock by Joseph J. Russo, EVP & President - Global Networks & Technology. The transaction occurred on September 10, 2026, through the company's Deferred Compensation Plan.
Transaction Details
- Security: Phantom Stock (unitized)
- Transaction Type: Acquisition (Code:
A) - Units Acquired: 77.408
- Price Per Unit: $14.26
- Total Transaction Value: $1,103.84
- Underlying Common Stock: 22 shares
- Post-Transaction Beneficial Ownership: 84,951.063 phantom stock units
- Ownership Type: Indirect (By Deferred Compensation Plan)
Significance & Market Impact
- Significance Level: Low
- Rationale: This is a routine, low-value acquisition of phantom stock units via an executive deferred compensation plan. It does not represent an open-market purchase or discretionary directional bet on the stock price.
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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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