SCHULMAN DANIEL H 4

What Happened Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), was credited with 188.658 phantom shares on Feb 12, 2026. The filing reports an acquisition value of $14.11 per phantom share, totaling approximately $2,662. This transaction is an award/grant of a derivative (phantom stock) under a deferred compensation arrangement, not an open‑market purchase or sale.

Key Details

• Transaction date and reported per‑unit value: Feb 12, 2026 at $14.11; total reported value ≈ $2,662.
• Security type: Phantom stock (derivative, cash‑settled).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payout is governed by the reporting person's deferred compensation plan.
  • F2: The amount includes phantom stock acquired through dividend reinvestment.
• Filing date: Form 4 was filed Feb 17, 2026 (transaction occurred Feb 12); check filing timeliness if that matters to you.

Context Phantom stock awards are a form of deferred compensation that provide economic exposure to company shares but are typically settled in cash and do not transfer actual common stock. Such awards are routine compensation events for executives and do not by themselves indicate a buy/sell view of the stock.