Verizon EVP Kyle Malady Receives 126 Phantom Stock Award

What Happened

• Kyle Malady, Executive Vice President and Group CEO — VZ Business at Verizon Communications (VZ), was granted 126.31 units of phantom stock on 2026-08-13. The grant is reported as a derivative award at $13.76 per unit, with a total economic value of approximately $1,738. This was an award/grant (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-08-13; reported on Form 4 filed 2026-08-14 (filed promptly the next day).
• Transaction type/code: Award/Grant (A) of phantom stock (derivative).
• Quantity and price: 126.31 phantom shares at $13.76 per unit; total ≈ $1,738.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each phantom share is the economic equivalent of a portion of one common share and is settled in cash under the deferred compensation plan; F2 — includes phantom stock acquired through dividend reinvestment.

Context

• Phantom stock is cash‑settled and does not represent current voting or registered common shares. Such awards are part of compensation/deferral plans and are typically administrative/compensation events rather than market sentiment signals.