Verizon EVP Alfonso Villanueva Rodriguez Acquires Phantom Stock via Deferred Compensation

Executive Summary

On September 11, 2026, Verizon Communications Inc. ($VZ) filed a Form 4 on behalf of Alfonso Villanueva Rodriguez, Executive Vice President and Group CEO - VZ Consumer. The filing details an acquisition of 252.992 phantom stock units under the company's Deferred Compensation Plan on September 10, 2026.

Key Transaction Highlights

• Security: Phantom Stock (unitized)
• Transaction Code: A (Acquisition / Plan Allocation)
• Units Acquired: 252.992
• Transaction Price: $14.26
• Total Transaction Value: $3,607.67
• Post-Transaction Beneficial Ownership: 7,339.149 phantom stock units
• Ownership Nature: Indirect (held through Deferred Compensation Plan)

Analytical Commentary

This transaction represents an automatic or elective credit of phantom units into the executive's deferred compensation account rather than an open-market stock purchase. Phantom stock units are economically equivalent to common shares, settled in cash upon distribution events established under the plan. Given the non-discretionary/benefit-plan nature and minimal dollar amount ($3,607.67), this transaction holds Low informational significance for market direction.