SCHULMAN DANIEL H 4

What Happened
Daniel H. Schulman, listed as CEO and Director of Verizon Communications Inc. (VZ), was granted 183.933 phantom shares on 2026-03-26. The grant is reported at a per-share value of $14.47, for a total reported value of approximately $2,662. This was an award (Form 4 code A) of derivative phantom stock, not an acquisition of actual common shares.

Key Details

• Transaction date: 2026-03-26; Filed with the SEC: 2026-03-30 (timely filing).
• Reported grant: 183.933 phantom shares at $14.47 per share; total ≈ $2,662.
• Security type: Derivative — phantom stock (cash-settled), not issued common stock.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — phantom shares are economic equivalents of common shares and are settled in cash per the deferred compensation plan; F2 — includes phantom stock acquired via dividend reinvestment.
• Remarks: Exhibit 24 — Power of Attorney attached.

Context
Phantom stock grants are a form of deferred compensation paid in cash tied to the value of company stock; they do not transfer voting rights or actual common shares. Because this is a modest-value, cash-settled award, it’s generally a routine compensation event rather than a clear bullish or bearish signal about the insider’s view of the stock.