Verizon EVP Alfonso Villanueva Receives Phantom Stock Award

What Happened

• Alfonso Villanueva Rodriguez, EVP and Group CEO — VZ Consumer, was granted 252.992 phantom stock units on 2026-09-10. The units are reported at $14.26 each for a total economic value of $3,608. The filing lists this as an award/acquisition (transaction code A) and the units are derivative (phantom) awards rather than actual common stock.

Key Details

• Transaction date: 2026-09-10; Form 4 filed: 2026-09-11 (timely).
• Quantity and price: 252.992 phantom units @ $14.26 each; total $3,608.
• Transaction type: Award/Grant of phantom stock (derivative, cash-settled).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each phantom share is the economic equivalent of part of one common share and is settled in cash under the deferred compensation plan; payable upon events chosen by the reporting person. F2 — includes phantom stock acquired via dividend reinvestment.

Context

• Phantom stock is a cash-settled derivative that tracks the economic value of common shares but does not transfer voting shares or create immediate equity ownership; such awards are typically part of executive compensation and do not necessarily signal a buy/sell decision by the insider. The grant value here is modest (~$3.6k) relative to typical executive compensation.