TOME CAROL B 4

What Happened Carol B. Tome, a director of Verizon Communications Inc. (VZ), received a grant of 5,062 phantom stock units (derivative award) on 2026-04-01. The filing reports a $0.00 per-share grant price and $0 total reported value because these units are cash‑settled and payable upon her termination of service rather than issued as common stock.

Key Details

• Transaction date and filing: Grant dated 2026-04-01; Form 4 filed 2026-04-02 (appears timely).
• Award: 5,062 phantom stock units; reported price $0.00; reported value $0.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 — each phantom share equals the economic equivalent of one common share and is settled in cash upon the director’s termination. F2 — amount includes phantom stock acquired through dividend reinvestment.
• Exhibit/Remark: Exhibit 24 (Power of Attorney) referenced.

Context Phantom stock units are derivative awards that track the value of common shares but are typically paid in cash when they vest or when the director leaves service; they do not represent immediate ownership of common stock. Director awards are common compensation practice and do not by themselves indicate the director’s sentiment about the company.