Villanueva Rodriguez Alfonso 4

What Happened

• Alfonso Villanueva (listed in the filing as Villanueva Rodriguez Alfonso), EVP & Intl. Group CEO and CTO at Verizon, was granted 5,237.391 units of phantom stock on 2026-02-26. The units are valued at $13.95 each, for a total award value of approximately $73,062. The award is a derivative, cash‑settled form of deferred compensation rather than an open‑market stock purchase.

Key Details

• Transaction date: 2026-02-26; filing date: 2026-02-27 (timely; Form 4 due within two business days).
• Transaction type/code: A — Grant/award (derivative phantom stock).
• Units granted: 5,237.391; per‑unit value reported: $13.95; total value: ~$73,062.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payable upon events established by the reporting person under the deferred compensation plan. F2 — Includes phantom stock acquired through dividend reinvestment.
• This award is cash‑settled (phantom stock), not an immediate equity purchase or sale.

Context

• Phantom stock awards provide cash tied to share performance or a notional share amount and do not represent immediate ownership of company stock; they typically reflect deferred compensation. Such awards are routine for executive compensation and do not by themselves indicate a bullish or bearish insider market view.