SCHULMAN DANIEL H 4

What Happened
Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), received a grant/award of 198.052 shares of phantom stock on May 7, 2026. The award is reported at $13.44 per unit for a total reported economic value of $2,662. This transaction is recorded as an award (code A) and is a derivative, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the typical 2-business-day reporting window).
• Transaction type/code: Award/Grant (A); derivative phantom stock settled in cash.
• Amount: 198.052 phantom shares at $13.44 each; 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; payable per the deferred compensation plan.
  • F2: Amount includes phantom stock acquired through dividend reinvestment.

Context
Phantom stock awards are a form of deferred compensation paid in cash (or cash value) and do not represent immediate open-market buying or selling of company stock. Such awards are typically part of executive compensation or deferral arrangements and should be viewed as compensation-related rather than a direct bullish or bearish trading signal.