Verizon (VZ) CEO Daniel Schulman Receives Phantom Stock Award

What Happened Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), was awarded 188.671 shares of phantom stock (a derivative award) on 2026-08-27. The filing values the award at $14.11 per share, for an aggregate economic value of about $2,662. This was an award/grant (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-08-27; Form 4 filed 2026-08-31 (filed within the normal 2 business‑day window).
• Transaction type/code: Award/Acquisition (A) — derivative (phantom stock).
• Quantity and value: 188.671 phantom shares at $14.11 each; aggregate value ≈ $2,662.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each phantom share is cash‑settled and becomes payable under events elected per the deferred compensation plan; F2 — amount includes phantom stock acquired via dividend reinvestment.
• No indication of a sale, option exercise, or tax withholding in this transaction.

Context Phantom stock is a cash‑settled deferred compensation award that tracks the economic value of common stock but does not convey actual shares or voting rights until settlement. Such grants are typically part of executive compensation and are routine; they do not by themselves signal a buy or sell preference for the stock.