Stillwell Mary-Lee 4

What Happened

• Mary-Lee Stillwell, Senior Vice President and Controller at Verizon Communications (VZ), was granted 40.488 shares of phantom stock on 2026-03-12. The award is reported at $14.44 per share for a total reported value of approximately $585. This is an award/derivative grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-13 (timely filing).
• Grant: 40.488 phantom stock units at $14.44 per unit; total reported value ≈ $585.
• Nature: Derivative award (phantom stock), cash-settled per the deferred compensation plan (see footnote F1).
• Shares owned after transaction: Not disclosed in the excerpt of the filing provided.
• Footnotes: F1 — each phantom share is cash-settled and payable per the deferred compensation plan. F2 — amount includes phantom stock acquired through dividend reinvestment.
• Transaction code: A (award/grant/acquisition of a derivative).

Context

• Phantom stock is a deferred, cash-settled award that tracks the economic value of company shares; it does not transfer actual common shares unless settled in cash under plan terms. Such awards are typically routine compensation and do not by themselves indicate a buy or sell signal by an insider.