Villanueva Rodriguez Alfonso 4

What Happened Alfonso Villanueva Rodriguez, Executive Vice President of Verizon Communications (VZ), received a grant of 83.489 phantom shares (transaction code A) on 2026-07-16. The filing values the award at $12.53 per share for a total of $1,046. This was a grant of derivative, cash‑settled phantom stock under a deferred compensation plan, not an open‑market purchase or sale of common stock.

Key Details

• Transaction date: 2026-07-16; Form 4 filed: 2026-07-17 (timely filing).
• Amount: 83.489 phantom shares @ $12.53 = $1,046 (reported as a derivative award).
• Shares owned after transaction: not specified in the 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.
• Transaction type: Award/Grant (derivative, cash-settled), not a purchase of actual common stock.

Context This was a compensation award (phantom stock) rather than a market trade; such awards are common for executive deferred compensation and are settled in cash per plan terms. Because the grant is small in dollar value (~$1,046) and cash‑settled, it should not be interpreted as a strong bullish or bearish signal about the insider’s view of Verizon’s stock.