SCHULMAN DANIEL H 4
4 · VERIZON COMMUNICATIONS INC · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) CEO Daniel H. Schulman Receives Award
What Happened
Daniel H. Schulman (listed as CEO and Director) received a grant/award on April 9, 2026 of 195.245 phantom stock units valued at $13.63 each, for a total economic value of approximately $2,661. This transaction is recorded as an award/acquisition (code A) of a derivative instrument (phantom stock), not an open‑market purchase of common shares.
Key Details
- Transaction date: 2026-04-09; filing date: 2026-04-10 (timely).
- Instrument: 195.245 phantom stock units at $13.63 per unit; total value ≈ $2,661.
- Transaction type: Award/Grant (derivative, cash‑settled phantom stock).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1 — Each phantom share is an economic equivalent of a portion of one common share and is settled in cash; payment is governed by the reporting person’s deferred compensation elections.
- F2 — Includes phantom stock acquired through dividend reinvestment.
Context
Phantom stock is a derivative award that provides cash value tied to the company’s share price (and can include reinvested dividends) but does not transfer actual voting common shares. Such awards are typically part of executive compensation and do not by themselves indicate buying or selling sentiment in the open market.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-04-09$13.63/sh+195.245$2,661→ 6,979.007 total(indirect: By Deferred Compensation Plan)→ Common Stock (56 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.