Malady Kyle 4
4 · VERIZON COMMUNICATIONS INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) EVP Kyle Malady Receives Phantom Stock Award
What Happened Kyle Malady, EVP and Group CEO — VZ Business of Verizon Communications (VZ), was granted 7,222.922 phantom stock units on 2026-02-26. The units are reported at $13.95 each, for a reported economic value of $100,760. This transaction is an award/grant (derivative), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-02-27 (timely filing).
- Instrument: Phantom stock units (derivative award) — 7,222.922 units @ $13.95 = $100,760.
- Transaction code: A (grant/award/acquisition).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes:
- F1 — Each phantom stock unit is the economic equivalent of a portion of one common share and is settled in cash; payout timing is governed by the deferred compensation plan and the reporting person’s elections.
- F2 — Includes phantom stock acquired through dividend reinvestment.
Context Phantom stock is a deferred-compensation instrument that tracks the economic value of company shares but is typically settled in cash rather than delivering actual stock. Awards like this are common for executive compensation and do not by themselves indicate buying or selling sentiment in the open market.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-02-26$13.95/sh+7,222.922$100,760→ 410,401.085 total(indirect: By Deferred Compensation Plan)→ Common Stock (2,061 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.