Verizon Consumer CEO Acquires Phantom Stock via Deferred Compensation Plan

Overview & Context

On October 23, 2026, Alfonso Villanueva Rodriguez, Executive Vice President and Group CEO of Verizon Consumer at Verizon Communications Inc. ($VZ), reported an acquisition of phantom stock units via the company's Deferred Compensation Plan.

Transaction Details

• Security: Phantom Stock (unitized)
• Transaction Code: A (Grant, award, or other acquisition)
• Transaction Date: October 22, 2026
• Units Acquired: 134.656 units
• Price per Unit: $12.91
• Total Transaction Value: ~$1,738.41
• Underlying Equivalent: 38 shares of Common Stock
• Post-Transaction Beneficial Ownership: 7,733.864 phantom stock units (held indirectly through the Deferred Compensation Plan, which includes dividend reinvestment acquisitions).

Strategic & Market Significance

This transaction represents an automatic or planned acquisition under Verizon's deferred compensation structure rather than an open-market purchase or sale. Because the transaction size is very small (~$1.7K) and corresponds to internal executive deferred compensation, it carries Low trading significance and does not signal a directional sentiment shift by leadership.