SCHULMAN DANIEL H 4

What Happened

• Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), received an award of 234.151 phantom stock units on 2026-01-29. The units are valued at $11.37 each, for a total reported value of $2,662. This filing is an award/grant (derivative) rather than an open‑market purchase or sale.

Key Details

• Transaction date and type: 2026-01-29 — Award/Grant of phantom stock units (code A).
• Price/value: $11.37 per unit; total reported value $2,662.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Each phantom share is the economic equivalent of a portion of one common share and is settled in cash under the company’s deferred compensation plan (paid upon specified events).
• Filing timeliness: Report filed 2026-01-30 for the 2026-01-29 transaction (no late‑filing indicator shown).

Context

• These are cash‑settled phantom stock units (derivatives), not actual common shares. They do not immediately change the company’s outstanding share count and will be paid in cash per the deferred compensation plan terms when vested/paid. Such awards are common for executive compensation and do not by themselves signal a market buy or sell.