ARCHAMBEAU SHELLYE L 4

What Happened

• Shellye L. Archambeau, a director of Verizon Communications Inc. (VZ), received an award of 5,062 phantom stock units on April 1, 2026. The award is reported as a derivative award (code A) with an acquisition price of $0.00, and the filing classifies the units as settled in cash rather than actual shares.

Key Details

• Transaction date and price: 2026-04-01; 5,062 units at $0.00 (derivative award).
• Shares owned after transaction: not specified in this Form 4 filing.
• Footnotes: F1 — each phantom stock unit equals the economic value of one share and will be settled in cash after the reporting person leaves board service; F2 — amount includes phantom stock acquired through dividend reinvestment.
• Filing timeliness: Form 4 filed 2026-04-02 for a 2026-04-01 transaction (no late filing indicated).
• Exhibit noted: Exhibit 24 — Power of Attorney.

Context

• This was an award/grant of phantom stock (deferred, cash‑settled compensation), not an open‑market purchase or sale. Such awards are routine director compensation and do not represent an immediate purchase or sale of common stock. The units become payable following the director’s termination of service, so they do not convey current voting shares.