SCHULMAN DANIEL H 4

What Happened Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), was granted 193.239 units of phantom stock (reported as a derivative award) on 2026-05-21. The award is shown at a per‑unit price of $13.77, for a total reported economic value of approximately $2,661. This was an award (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21; filing date: 2026-05-26 (filed 5 days after the transaction; appears late relative to the typical 2‑business‑day Form 4 deadline).
• Amount: 193.239 phantom stock units at $13.77 per unit; total ≈ $2,661.
• Security type: Derivative (phantom stock), cash‑settled under a deferred compensation plan (transaction noted as an award).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 — each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payable under the reporting person’s deferred compensation plan. F2 — the amount includes phantom stock acquired through dividend reinvestment.
• No 10b5‑1 plan, tax withholding, or immediate sale is indicated in this filing.

Context Phantom stock is a deferred, cash‑settled form of equity compensation — it represents economic exposure but does not deliver actual company stock immediately. Such grants are typically routine executive compensation and are not the same signal as an insider buying or selling shares in the open market. The dollar value here (~$2.7k) is immaterial relative to typical CEO compensation levels. The late filing reduces timeliness for investors seeking prompt insider activity information.