Verizon (VZ) CEO Daniel H. Schulman Receives Award

What Happened Daniel H. Schulman, listed as CEO and Director, was granted a derivative award on August 13, 2026: 193.377 units of phantom stock valued at $13.76 per share, totaling about $2,661. This was reported on a Form 4 filed August 14, 2026. The transaction is an award/grant (not an open-market buy or sale) and represents compensation rather than an outright purchase of common stock.

Key Details

• Transaction date: 2026-08-13; Form 4 filed: 2026-08-14 (appears timely).
• Instrument: Derivative (phantom stock) — Transaction code A (award/grant).
• Quantity and price: 193.377 units @ $13.76 each; aggregate value ≈ $2,661.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: (1) Each phantom share is economically equivalent to a portion of one common share and is settled in cash; payable under the deferred compensation plan. (2) Includes phantom stock acquired through dividend reinvestment.

Context Phantom stock awards are cash-settled compensation and do not transfer voting rights or actual shares to the insider at grant—they pay out in cash upon plan-defined events. Because this is a routine compensation grant and a relatively small dollar amount, it shouldn't be read as a strong bullish or bearish signal about insider sentiment.