Verizon (VZ) CEO Daniel Schulman Receives Phantom Stock Award (187 sh)

What Happened

• Daniel H. Schulman, CEO and Director of Verizon Communications (VZ), was granted 186.642 shares of phantom stock (derivative award) on 2026-09-10. The grant is recorded at $14.26 per share for a total economic value of $2,662. This was an award/grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-09-10 at $14.26 per share; total reported value $2,662.
• Share count after transaction: not reported in the Form 4 filing.
• Instrument: phantom stock (derivative); settlement is cash, not issuance of common stock.
• Footnotes: F1 — each phantom share is the economic equivalent of a portion of one common share and is settled in cash under the deferred compensation plan; F2 — amount includes phantom stock acquired through dividend reinvestment.
• Filing timeliness: Form 4 was filed 2026-09-11 for the 2026-09-10 transaction (appears timely).

Context

• Phantom stock awards are cash‑settled deferred compensation tied to the company’s share value; they do not represent immediate ownership of common stock and may be payable upon future events per the plan. Small reported value here suggests a routine deferred‑compensation credit rather than a large directional bet by management.