Verizon (VZ) CEO Daniel Schulman Receives Phantom Stock Award

What Happened

• Daniel H. Schulman, CEO and Director of Verizon Communications Inc. (VZ), was granted 197.029 shares of phantom stock on 2026-09-24. The report lists an acquisition price of $13.51 per share, for a cash-equivalent value of approximately $2,662. This transaction is reported as an award/grant (derivative), not an open‑market purchase.

Key Details

• Transaction date: 2026-09-24; Form 4 filed: 2026-09-28 (filed within the two-business-day reporting window).
• Instrument: Phantom stock (derivative) — transaction code A (award/grant).
• Amount: 197.029 phantom shares at $13.51 each; total ≈ $2,662.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each phantom share is economically equivalent to a portion of one common share and is settled in cash; payable under the reporting person’s deferred compensation plan. F2 — amount includes phantom stock acquired through dividend reinvestment.
• No indication of immediate sale or cashless exercise.

Context

• Phantom stock is a cash‑settled deferred compensation instrument that mirrors the economic value of common shares; it does not represent current issuance of common stock. Such awards are typically routine compensation or deferred pay and should be viewed differently than open‑market purchases or sales by insiders. This filing reports the award; it does not, by itself, indicate CEO trading sentiment.