Villanueva Rodriguez Alfonso 4

What Happened
Alfonso Villanueva Rodriguez, an EVP & Interim Group CEO / CTO at Verizon Communications (VZ), was granted 77.847 shares of phantom stock on 2026-05-07 at an economic value of $13.44 per share, totaling approximately $1,046. This was an award/acquisition (derivative) under Verizon’s deferred compensation arrangement, not an open‑market purchase.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (appears to be filed after the standard 2-business-day Form 4 window).
• Instrument: Phantom stock (derivative award) — 77.847 units at $13.44 each; total ≈ $1,046.
• Shares owned after transaction: Not specified on this filing.
• Footnotes:
  • F1 — Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payout is governed by the reporting person’s deferral elections under the deferred compensation plan.
  • F2 — Includes phantom stock acquired through dividend reinvestment.
• Transaction type: Award/Grant (code A); no sale or option exercise involved.

Context
Phantom stock is a cash‑settled derivative that provides economic exposure to company shares without issuing actual common stock; payouts occur per the deferred compensation plan’s schedule and do not necessarily indicate immediate buying or selling of common stock. The grant value here is modest (~$1k), which is routine for compensation deferral awards and generally immaterial for market impact.