SCHULMAN DANIEL H 4
4 · VERIZON COMMUNICATIONS INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) CEO Daniel H. Schulman Receives Phantom Stock Award
What Happened Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), received a grant of 4,223.943 phantom shares on 2026-02-26. The award is reported at an imputed price of $13.95 per share for a total value of $58,924. This was an award/derivative grant (not an open-market purchase or sale) and is cash‑settled under Verizon’s deferred compensation arrangements.
Key Details
- Transaction date: 2026-02-26; filing date: 2026-02-27 (appears timely).
- Award type/code: A (grant/award of derivative phantom stock).
- Amount: 4,223.943 phantom shares at $13.95 / share — total reported value $58,924.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — phantom shares are economic equivalents of common stock and settle in cash per the deferred compensation plan; F2 — amount includes phantom stock acquired through dividend reinvestment.
Context Phantom stock awards are a form of deferred compensation that track the value of company stock but are typically settled in cash when vested or payable; they do not represent immediate stock purchases or sales. Such grants are common as part of executive pay and do not, by themselves, indicate a buy or sell signal by the insider.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-02-26$13.95/sh+4,223.943$58,924→ 6,415.504 total(indirect: By Deferred Compensation Plan)→ Common Stock (1,205 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.