Verizon (VZ) EVP Kyle Malady Receives Phantom Stock Award

What Happened
Kyle Malady, Executive Vice President and Group CEO — VZ Business for Verizon Communications (VZ), was granted 132.072 units of phantom stock on 2026-07-30. The filing lists an economic value of $13.16 per unit, totaling about $1,738. This was an award/grant (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-30 (Form 4 filed 2026-08-03). Filing appears timely.
• Transaction type/code: Award/Grant (A) — derivative phantom stock.
• Units granted: 132.072 units at $13.16 per unit; total value ≈ $1,738.
• Shares/units owned after transaction: Not specified in the filing.
• Footnotes: F1 — Phantom stock units are cash-settled and payable under the reporting person’s deferred compensation elections. F2 — Includes phantom stock acquired via dividend reinvestment.
• Significance: This is a routine compensation award (derivative, cash-settled), not an open-market buy or sale.

Context
Phantom stock units are a form of deferred compensation that mimic the economic value of common shares but are settled in cash at specified events; they do not represent immediate ownership of Verizon common stock. Such awards are typically part of executive pay and should be viewed as compensation-related, not a direct signal of insider buying or selling in the market.