SCHULMAN DANIEL H 4

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.