SCHULMAN DANIEL H 4

What Happened

• Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), was granted 184.325 phantom shares (reported as a derivative award, code A) on 2026-03-12. The award was recorded at $14.44 per phantom share, totaling approximately $2,662.
• This was an award/acquisition (not an open‑market purchase or sale) under a deferred compensation arrangement.

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (timely).
• Price/value: $14.44 per phantom share; total reported value ≈ $2,662.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 – each phantom share is the economic equivalent of a portion of one common share and is settled in cash per the deferred compensation plan; F2 – amount includes phantom stock acquired through dividend reinvestment.
• Transaction type: Derivative award (phantom stock), code A. This is not an issuance of actual common stock and will be payable in cash according to plan terms.

Context

• Phantom stock awards are cash‑settled deferred compensation; they do not transfer actual shares immediately and therefore do not directly change the company’s outstanding share count.
• Such awards are common for executive compensation and should not be interpreted as a direct market buy or sell signal.