SCHULMAN DANIEL H 4
4 · VERIZON COMMUNICATIONS INC · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) CEO Daniel Schulman Receives Phantom Stock Award
What Happened Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), was granted 212.408 shares of phantom stock (derivative award) on 2026-07-16. The award is reported at a grant price of $12.53 per share, with a total reported value of $2,661. This was an award/acquisition (code A), part of compensation rather than an open‑market purchase or sale.
Key Details
- Transaction date and terms: 2026-07-16 — 212.408 phantom shares @ $12.53 each = $2,661 (derivative award, code A).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 — Phantom shares are cash‑settled and represent the economic equivalent of portions of common shares, payable under the deferred compensation plan. F2 — Amount includes phantom stock acquired through dividend reinvestment.
- Filing timeliness: Report filed 2026-07-17 (next-day filing), no late‑filing indication.
Context This was a cash‑settled phantom stock award under Verizon’s deferred compensation arrangements, not a purchase or sale of actual common shares. Such awards reflect compensation arrangements and are typically settled in cash upon specified plan events; they do not necessarily indicate insider buying or selling intent.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-07-16$12.53/sh+212.408$2,661→ 8,515.073 total(indirect: By Deferred Compensation Plan)→ Common Stock (61 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.