Verizon EVP Alfonso Villanueva Rodriguez Acquires Phantom Stock via Deferred Comp Plan

Executive Summary

On August 31, 2026, a Form 4 was filed for VERIZON COMMUNICATIONS INC ($VZ) reporting an indirect acquisition of unitized phantom stock by Alfonso Villanueva Rodriguez, Executive Vice President and Group CEO-VZ Consumer. The transaction occurred on August 27, 2026, under the company's deferred compensation plan.

Transaction Breakdown

• Security: Phantom Stock (unitized)
• Transaction Code: A (Grant or award under an employee benefit/deferred compensation plan)
• Quantity: 123.236 shares
• Price per Unit: $14.11
• Total Transaction Value: $1,738.86
• Ownership Nature: Indirect (By Deferred Compensation Plan)
• Post-Transaction Holdings: 7,086.157 phantom stock units

Context & Significance

This acquisition represents a routine automatic allocation under Verizon's Deferred Compensation Plan, in which unitized phantom stock represents an economic equivalent settled in cash upon pre-established distribution events. Given the modest transaction size (~$1.7K) and its nature as an internal executive deferred compensation credit, this filing carries Low trading significance for public market investors.