Verizon (VZ) EVP Villanueva Rodriguez Receives Phantom Stock Award

What Happened

• Villanueva Rodriguez Alfonso, EVP and Group CEO — VZ Consumer, was granted 123.236 phantom shares (derivative award) on 2026-08-27. The filing reports a per‑unit value of $14.11, for a total reported value of approximately $1,739. This is an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-08-27; Filing date (Form 4): 2026-08-31 (filed 4 days after the transaction).
• Transaction type/code: Award/Grant (A); derivative instrument — phantom stock settled in cash.
• Shares/units granted: 123.236 phantom shares at $14.11 per unit; total ≈ $1,739.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 — each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payable upon events set under the deferred compensation plan. F2 — includes phantom stock acquired through dividend reinvestment.
• Timeliness: The Form 4 was filed after the transaction date (late filing); late filings affect the timeliness of public disclosure but do not, by themselves, indicate anything about the insider’s intent.

Context

• Phantom stock awards are cash‑settled compensation vehicles that mirror the economic value of common shares; they are typically part of executive compensation plans rather than an indicator of immediate buying or selling activity in the open market.