Verizon Communications EVP Acquires Phantom Stock Units via Deferred Compensation
VERIZON COMMUNICATIONS INC
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Filing Summary
### Form 4 Filing: Verizon Communications Inc. (VZ)
**Insider:** Russo Joseph J. (EVP & Pres-Global Networks & Tech)
**Transaction:** Acquisition of 81.716 Phantom Stock units
**Price:** $13.51 | **Value:** ~$1,104
**Ownership After:** 85,032.779 units (Indirect via Deferred Compensation Plan)
**Significance:** Low (Routine deferred compensation plan acquisition)
Comprehensive Analysis
Transaction Summary
On September 24, 2026, Joseph J. Russo, Executive Vice President & President of Global Networks & Technology at Verizon Communications Inc. ($VZ), acquired 81.716 units of unitized Phantom Stock at a price of $13.51 per unit, representing a total transaction value of approximately $1,104. The transaction was executed under the company's Deferred Compensation Plan.
Holdings & Structure
Following this transaction, Russo indirectly holds 85,032.779 units of phantom stock through the deferred compensation plan. Each share of phantom stock represents the economic equivalent of a portion of one share of Verizon common stock and is payable in cash upon specified future distribution events.
Market Significance
This transaction carries Low market significance. It represents a routine small-dollar allocation under Verizon's deferred compensation arrangement rather than a discretionary open-market purchase or sale.
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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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