Stillwell Mary-Lee 4
4 · VERIZON COMMUNICATIONS INC · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) SVP Mary‑Lee Stillwell Receives Phantom Stock Award
What Happened
Mary‑Lee Stillwell, Senior Vice President and Controller at Verizon Communications (VZ), received an award of 41.44 phantom shares on 2026-02-12 valued at $14.11 each for a total of about $585. This was a grant/award (derivative) under Verizon’s deferred compensation arrangements, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-12; reported on Form 4 filed 2026-02-17.
- Transaction type: Award/Grant of phantom stock (derivative).
- Quantity & value: 41.44 phantom shares × $14.11 = ~$585.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Each phantom share is the economic equivalent of a portion of a common share and is settled in cash; payout is governed by elections under the deferred compensation plan.
- F2: The reported phantom stock includes amounts acquired through dividend reinvestment.
Context
This is a compensation award (cash‑settled phantom stock), which is common for deferred pay and does not represent a cash purchase or sale of common stock. For retail investors, such awards mainly reflect company compensation practices rather than a direct insider bet on the stock price.
Insider Transaction Report
Form 4
Stillwell Mary-Lee
SVP and Controller
Transactions
- Award
Phantom Stock (unitized)
[F1][F2]2026-02-12$14.11/sh+41.44$585→ 13,429.679 total(indirect: By Deferred Compensation Plan)→ Common Stock (12 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.
Signature
Evgeniya Berezkina, Attorney-in-fact for Mary-Lee Stillwell|2026-02-17