Stillwell Mary-Lee 4

What Happened

• Mary‑Lee Stillwell, Senior Vice President and Controller at Verizon (VZ), was granted 40.402 shares of phantom stock (derivative award) on March 26, 2026. The award is reported at an economic value of $14.47 per share, totaling approximately $585. This was an award/grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-26; Form 4 filed: 2026-03-30
• Price/value: $14.47 per phantom share; total value ≈ $585
• Shares after transaction: Not reported on the Form 4
• Transaction type/code: Grant/Award (A); derivative instrument (phantom stock)
• Footnotes: F1 — each phantom share is cash‑settled and payable under the deferred compensation plan; F2 — amount includes phantom stock acquired via dividend reinvestment
• Exhibit: Exhibit 24 (Power of Attorney) included with the filing
• Timeliness: Filing covers the 3/26/2026 transaction and was submitted on 3/30/2026; the filing itself does not indicate a late reporting flag.

Context

• Phantom stock is a deferred, cash‑settled award that mirrors the economic value of common shares; it is typically part of executive compensation and does not transfer voting rights or deliver actual shares unless plan terms require. This grant is routine compensation rather than a market buy/sell signal.