Verizon (VZ) EVP Alfonso Villanueva Receives Phantom Stock Award

What Happened

• Alfonso Villanueva Rodriguez (listed in the filing as Villanueva Rodriguez Alfonso), EVP and Group CEO — VZ Consumer, received a grant/award of 126.31 derivative phantom shares on August 13, 2026. The filing shows a per‑share value/price of $13.76, for a total economic value of approximately $1,738. This was reported as an award/grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-08-13; filing date: 2026-08-14 (filed promptly).
• Award: 126.31 phantom shares at $13.76 per share; total reported value ≈ $1,738.
• Type: Derivative — phantom stock (cash‑settled), not issuance of actual common shares.
• Shares owned after transaction: not specified in the provided Form 4 excerpt.
• Footnotes: (1) Each phantom share is the economic equivalent of a portion of one common share and will be settled in cash under the deferred compensation plan; payout timing follows elections under that plan. (2) Includes phantom stock acquired through dividend reinvestment.

Context

• This is a routine equity‑based compensation award (cash‑settled phantom stock) to an executive—not an open‑market purchase or sale. Because phantom shares are paid in cash when vested/paid, they do not increase outstanding common shares but do provide economic exposure tied to Verizon’s stock performance.