Verizon (VZ) EVP Alfonso Villanueva Receives Phantom Stock Award

What Happened

• Alfonso Villanueva Rodriguez, EVP & Intl. Group CEO – VZ Consumer & CTO, was granted 81.669 units of phantom stock (derivative award) on 2026-06-04. The units are valued at $12.81 each for a total reported economic value of about $1,046. This transaction is an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-04; Filing date: 2026-06-05 (timely).
• Price/value reported: $12.81 per unit; total value ≈ $1,046.
• Transaction type/code: A (Award/Grant); derivative instrument (phantom stock), settled in cash.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each phantom share is the economic equivalent of a portion of a common share and is settled in cash; payout occurs per the reporting person’s deferred compensation elections. F2 — amount includes phantom stock acquired through dividend reinvestment.

Context

• Phantom stock is a cash‑settled deferred compensation award that tracks economic value of shares; it does not transfer actual common stock to the insider at grant. This is a compensation event rather than a market purchase or sale and should be viewed as routine executive compensation disclosure.