Bertolini Mark T 4

What Happened

• Mark T. Bertolini, a director of Verizon Communications Inc. (VZ), was granted 5,062 phantom stock units (derivative awards) on April 1, 2026. The filing reports an acquisition price of $0.00 per unit, so no immediate cash purchase or sale is recorded. These phantom units are cash‑settled and become payable following the reporting person's termination of service as a director.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely).
• Units granted: 5,062 phantom stock units; reported price: $0.00; total immediate value per filing: $0.
• Shares/units owned after transaction: not reported in this filing.
• Footnotes: F1 — each phantom unit equals the economic equivalent of one common share and will be paid in cash after the director leaves service; F2 — amount includes phantom stock acquired through dividend reinvestment.
• Exhibit included: Exhibit 24 (Power of Attorney).

Context

• Phantom stock units are derivative, cash‑settled awards (not actual common shares) and typically reflect director compensation rather than an open‑market investment decision. They do not grant voting rights and payout timing depends on plan rules (here, payable after termination).