VZ CEO Daniel H. Schulman Receives Phantom Stock Award

What Happened
Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), received a grant of 203.406 phantom stock units on 2026-06-17. The units are reported at an equivalent price of $13.08 each, for a total reported value of $2,661. This was an award (derivative/phantom stock), not a market purchase or sale.

Key Details

• Transaction type: Award/grant of derivative (phantom stock units) — code A on Form 4.
• Date of transaction: 2026-06-17; Form filed: 2026-06-18 (timely).
• Price reported: $13.08 per unit; total reported value: $2,661.
• Shares/units acquired: 203.406 phantom stock units.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each phantom stock unit is cash-settled and represents the economic equivalent of a portion of one common share; payable upon events selected under the deferred compensation plan.
  • F2: Includes phantom stock acquired through dividend reinvestment.

Context
Phantom stock awards are a form of deferred compensation settled in cash and do not represent actual common shares. Such grants are common for executives as part of compensation programs; they are not equivalent to an open‑market purchase (which might signal personal conviction) nor a sale. The dollar value here ($2.7k) is modest relative to typical executive grants and should be viewed as routine compensation unless further, larger transactions are disclosed.