Verizon (VZ) CEO Daniel H. Schulman Receives Phantom Stock Award

What Happened

• Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), received an award of 202.199 phantom shares on 2026-07-30. The filing lists a per‑unit valuation of $13.16, for a total reported value of $2,661. This transaction is coded as an award/acquisition (derivative), not an open‑market purchase.

Key Details

• Transaction date: 2026-07-30; Filing date: 2026-08-03 (filed within the SEC’s 2-business-day window).
• Transaction type/code: A — Grant/Award (derivative, phantom stock).
• Price/value: $13.16 per unit; total reported value $2,661.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — Each phantom share is the economic equivalent of a portion of a common share and is settled in cash under the deferred compensation plan. F2 — Includes phantom stock acquired through dividend reinvestment.

Context

• This was a grant of phantom (cash‑settled) stock units as part of deferred compensation; such units do not immediately increase outstanding common shares and are paid in cash per plan terms. Awards like this are routine compensation and should not be interpreted as a direct buy/sell signal by the insider.