AUSTIN ROXANNE S 4

What Happened
Roxanne S. Austin, a director of Verizon Communications Inc. (VZ), received a grant of 5,062 phantom shares (derivative award) on April 1, 2026. The Form 4 reports the acquisition price as $0.00 for this award; the grant is a cash‑settled phantom stock award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (filed promptly the next day).
• Reported amount: 5,062 phantom shares acquired, reported at $0.00 on the Form 4.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1—each phantom share equals the economic equivalent of one common share and is settled in cash; payable following the reporting person's termination of director service. F2—includes phantom stock acquired through dividend reinvestment.
• Remarks: Exhibit 24 (Power of Attorney) cited.

Context
Phantom stock is a derivative award that provides cash value tied to the company’s stock performance but does not represent immediate common‑share ownership, voting rights, or dividend payments; payout occurs upon the director’s termination of service. As an award (code A) rather than a purchase or sale, this transaction is a routine compensation action and should not be interpreted as an immediate bullish or bearish trade by the insider.