Verizon Consumer CEO Acquires Phantom Stock via Deferred Compensation

Executive Summary

On September 28, 2026, Verizon Communications Inc ($VZ) filed a Form 4 disclosing that Alfonso Villanueva Rodriguez, Executive Vice President and Group CEO of Verizon Consumer, acquired 128.695 units of unitized phantom stock on September 24, 2026, under the company's deferred compensation plan. The transaction was executed at a price of $13.51 per unit, representing a total transaction value of approximately $1,738.67.

Transaction Breakdown

• Security: Phantom Stock (unitized), representing an underlying 37 shares of common stock.
• Transaction Code: 'A' (Award or acquisition pursuant to a benefit or deferred compensation plan).
• Nature of Ownership: Indirect, held by Deferred Compensation Plan.
• Post-Transaction Balance: 7,467.844 units of phantom stock, which includes dividend reinvestment.

Market and Trading Impact

This filing reflects routine, automated acquisition of phantom stock units via a deferred compensation structure rather than discretionary open-market trading. Due to the modest transaction size (~$1.74K) and its administrative nature, the filing carries Low trading significance and is unlikely to have a material impact on investor sentiment or share price.