Stillwell Mary-Lee 4

What Happened
Mary‑Lee Stillwell, Senior Vice President and Controller of Verizon Communications (VZ), was granted 51.432 shares of phantom stock on 2026-01-29 at a per‑unit value of $11.37, for a total reported value of $585. This was an award (transaction code A) of derivative phantom stock, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-29; Filing date: 2026-01-30 (timely filing).
• Instrument: 51.432 shares of phantom stock (derivative) valued at $11.37 each; total $585.
• Transaction type: Award/Grant (A) — phantom stock is cash‑settled, not actual common stock.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes:
  • F1 — Each phantom share equals the economic equivalent of a portion of one common share and will be settled in cash per the deferred compensation plan when payable events occur.
  • F2 — Amount includes phantom stock acquired through dividend reinvestment.

Context
Phantom stock awards are deferred compensation that pay cash tied to stock value at payout; they do not transfer voting rights or create immediate ownership of common shares. The reported dollar amount is small, indicating routine compensation rather than a material insider buy or sell.