[Form 4] Verizon Communications Insider Trading Activity
Joseph J. Russo, Executive Vice President and President of Global Networks & Technology at Verizon Communications (VZ), reported a Section 16 transaction dated 08/28/2025. The filing shows the acquisition of 87.451 units of unitized Phantom Stock, recorded as a derivative security, which are the economic equivalent of a portion of common stock and are settled in cash. The phantom shares are held indirectly under Verizon's deferred compensation plan and become payable according to elections made under that plan. The filing notes that the reported holdings include phantom stock acquired through dividend reinvestment. The Form 4 was signed by an attorney-in-fact on 08/29/2025.
Joseph J. Russo, vicepresidente esecutivo e presidente di Global Networks & Technology presso Verizon Communications (VZ), ha segnalato una operazione ai sensi della Sezione 16 datata 08/28/2025. La comunicazione indica l'acquisto di 87.451 unit脿 di Phantom Stock unitizzate, registrate come strumento derivato, che rappresentano l'equivalente economico di una parte delle azioni ordinarie e vengono liquidate in contanti. Le azioni fantasma sono detenute indirettamente nell'ambito del piano di compensazione differita di Verizon e saranno pagate secondo le elezioni effettuate in base a quel piano. La segnalazione specifica che le partecipazioni riportate comprendono phantom stock ottenute tramite reinvestimento dei dividendi. Il Modulo 4 猫 stato firmato da un procuratore il 08/29/2025.
Joseph J. Russo, vicepresidente ejecutivo y presidente de Global Networks & Technology en Verizon Communications (VZ), inform贸 una transacci贸n conforme a la Secci贸n 16 con fecha 08/28/2025. La presentaci贸n muestra la adquisici贸n de 87.451 unidades de Phantom Stock unitizadas, registradas como un valor derivado, que equivalen econ贸micamente a una porci贸n de acciones ordinarias y se liquidan en efectivo. Las acciones fantasma se mantienen de forma indirecta bajo el plan de compensaci贸n diferida de Verizon y se abonar谩n seg煤n las elecciones realizadas en dicho plan. La presentaci贸n indica que las tenencias declaradas incluyen phantom stock adquiridas mediante reinvenci贸n de dividendos. El Formulario 4 fue firmado por un apoderado el 08/29/2025.
Joseph J. Russo, Verizon Communications(VZ)鞐愳劀 Executive Vice President 瓴� Global Networks & Technology 毂呾瀯鞛愲姅 08/28/2025鞛� 靹轨厴 16 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 韺岇儩歃濌秾鞙茧 攵勲霅� 雼渼頇旊悳 Phantom Stock 87.451雼渼鞚� 旆摑鞚� 旮办灛霅橃柎 鞛堨溂氅�, 鞚措姅 氤错喌欤� 鞚茧秬鞐� 雽�頃� 瓴届牅鞝� 霌标皜氍茧 順勱笀鞙茧 瓴办牅霅╇媹雼�. 鞚� 韺厐 欤检嫕鞚� Verizon鞚� 鞚挫棸 氤挫儊 瓿勴殟 頃橃棎 臧勋为鞝侅溂搿� 氤挫湢霅橂┌ 頃措嫻 瓿勴殟鞐愳劀 靹犿儩頃� 氚╈嫕鞐� 霐半澕 歆�旮夒惄雼堧嫟. 氤搓碃靹滊姅 鞁犼碃霅� 氤挫湢雮挫棴鞐� 氚半嫻旮� 鞛埇鞛�毳� 韱淀暣 旆摑頃� 韺厐 欤检嫕鞚� 韽暔霅橃柎 鞛堨潓鞚� 氇呾嫓頃╇媹雼�. Form 4電� 08/29/2025鞐� 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Joseph J. Russo, vice-pr茅sident ex茅cutif et pr茅sident de Global Networks & Technology chez Verizon Communications (VZ), a d茅clar茅 une op茅ration au titre de la Section 16 dat茅e du 08/28/2025. Le d茅p么t indique l'acquisition de 87.451 unit茅s de Phantom Stock unitis茅es, enregistr茅es comme un titre d茅riv茅, qui constituent l'茅quivalent 茅conomique d'une partie des actions ordinaires et sont r茅gl茅es en num茅raire. Les actions fant么mes sont d茅tenues indirectement dans le cadre du plan de r茅mun茅ration diff茅r茅e de Verizon et seront vers茅es conform茅ment aux choix effectu茅s dans ce plan. Le d茅p么t pr茅cise que les avoirs d茅clar茅s comprennent des phantom stocks acquis via le r茅investissement des dividendes. Le formulaire 4 a 茅t茅 sign茅 par un mandataire le 08/29/2025.
Joseph J. Russo, Executive Vice President und Pr盲sident von Global Networks & Technology bei Verizon Communications (VZ), meldete eine Transaktion nach Section 16 mit Datum 08/28/2025. Die Meldung weist den Erwerb von 87.451 Einheiten unitisierter Phantom Stock aus, die als derivative Wertpapiere verbucht sind und das wirtschaftliche 脛quivalent eines Teils von Stammaktien darstellen und bar abgewickelt werden. Die Phantom-Aktien werden indirekt im Rahmen von Verizons Plan zur aufgeschobenen Verg眉tung gehalten und gem盲脽 den im Plan getroffenen Wahloptionen ausgezahlt. In der Meldung wird angegeben, dass die berichteten Best盲nde Phantom Stock enthalten, die durch Dividendenreinvestition erworben wurden. Das Formular 4 wurde am 08/29/2025 von einem Bevollm盲chtigten unterzeichnet.
- Acquisition recorded: 87.451 unitized Phantom Stock acquired on 08/28/2025
- Cash-settled structure: Phantom stock is settled in cash, not as immediate equity issuance
- Indirect holding via deferred compensation plan: Holdings are under Verizon's deferred compensation plan
- Dividend reinvestment noted: Reported holdings include phantom stock acquired through dividend reinvestment
- None.
Insights
TL;DR: Routine deferred-compensation crediting of phantom stock to an executive, reported under Section 16.
The Form 4 documents a non-derivative-equivalent grant: 87.451 unitized phantom stock credits that are cash-settled and held indirectly via Verizon's deferred compensation plan. This is a common executive compensation mechanism that does not immediately change common shares outstanding because settlement is in cash. The inclusion of dividend reinvestment is noted and simply increases the phantom balance. No direct sale of shares or exercise of equity options is indicated, and the filing does not disclose any change to outstanding common stock or immediate dilution.
TL;DR: Deferred compensation accrual recorded; represents a future cash obligation tied to phantom stock units.
The entry reflects accrual-type compensation rather than an open-market trade. Phantom stock units are described as cash-settled and payable per the reporting person's elections under the deferred compensation plan, indicating a contractual liability for Verizon rather than issuance of equity. The filing explicitly states dividend reinvestment increased the phantom balance. There is no information here about valuation methodology, payout timing, or whether the units are time-vested or performance-contingent, so materiality to cash flows or expense recognition cannot be assessed from this filing alone.
Joseph J. Russo, vicepresidente esecutivo e presidente di Global Networks & Technology presso Verizon Communications (VZ), ha segnalato una operazione ai sensi della Sezione 16 datata 08/28/2025. La comunicazione indica l'acquisto di 87.451 unit脿 di Phantom Stock unitizzate, registrate come strumento derivato, che rappresentano l'equivalente economico di una parte delle azioni ordinarie e vengono liquidate in contanti. Le azioni fantasma sono detenute indirettamente nell'ambito del piano di compensazione differita di Verizon e saranno pagate secondo le elezioni effettuate in base a quel piano. La segnalazione specifica che le partecipazioni riportate comprendono phantom stock ottenute tramite reinvestimento dei dividendi. Il Modulo 4 猫 stato firmato da un procuratore il 08/29/2025.
Joseph J. Russo, vicepresidente ejecutivo y presidente de Global Networks & Technology en Verizon Communications (VZ), inform贸 una transacci贸n conforme a la Secci贸n 16 con fecha 08/28/2025. La presentaci贸n muestra la adquisici贸n de 87.451 unidades de Phantom Stock unitizadas, registradas como un valor derivado, que equivalen econ贸micamente a una porci贸n de acciones ordinarias y se liquidan en efectivo. Las acciones fantasma se mantienen de forma indirecta bajo el plan de compensaci贸n diferida de Verizon y se abonar谩n seg煤n las elecciones realizadas en dicho plan. La presentaci贸n indica que las tenencias declaradas incluyen phantom stock adquiridas mediante reinvenci贸n de dividendos. El Formulario 4 fue firmado por un apoderado el 08/29/2025.
Joseph J. Russo, Verizon Communications(VZ)鞐愳劀 Executive Vice President 瓴� Global Networks & Technology 毂呾瀯鞛愲姅 08/28/2025鞛� 靹轨厴 16 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 韺岇儩歃濌秾鞙茧 攵勲霅� 雼渼頇旊悳 Phantom Stock 87.451雼渼鞚� 旆摑鞚� 旮办灛霅橃柎 鞛堨溂氅�, 鞚措姅 氤错喌欤� 鞚茧秬鞐� 雽�頃� 瓴届牅鞝� 霌标皜氍茧 順勱笀鞙茧 瓴办牅霅╇媹雼�. 鞚� 韺厐 欤检嫕鞚� Verizon鞚� 鞚挫棸 氤挫儊 瓿勴殟 頃橃棎 臧勋为鞝侅溂搿� 氤挫湢霅橂┌ 頃措嫻 瓿勴殟鞐愳劀 靹犿儩頃� 氚╈嫕鞐� 霐半澕 歆�旮夒惄雼堧嫟. 氤搓碃靹滊姅 鞁犼碃霅� 氤挫湢雮挫棴鞐� 氚半嫻旮� 鞛埇鞛�毳� 韱淀暣 旆摑頃� 韺厐 欤检嫕鞚� 韽暔霅橃柎 鞛堨潓鞚� 氇呾嫓頃╇媹雼�. Form 4電� 08/29/2025鞐� 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Joseph J. Russo, vice-pr茅sident ex茅cutif et pr茅sident de Global Networks & Technology chez Verizon Communications (VZ), a d茅clar茅 une op茅ration au titre de la Section 16 dat茅e du 08/28/2025. Le d茅p么t indique l'acquisition de 87.451 unit茅s de Phantom Stock unitis茅es, enregistr茅es comme un titre d茅riv茅, qui constituent l'茅quivalent 茅conomique d'une partie des actions ordinaires et sont r茅gl茅es en num茅raire. Les actions fant么mes sont d茅tenues indirectement dans le cadre du plan de r茅mun茅ration diff茅r茅e de Verizon et seront vers茅es conform茅ment aux choix effectu茅s dans ce plan. Le d茅p么t pr茅cise que les avoirs d茅clar茅s comprennent des phantom stocks acquis via le r茅investissement des dividendes. Le formulaire 4 a 茅t茅 sign茅 par un mandataire le 08/29/2025.
Joseph J. Russo, Executive Vice President und Pr盲sident von Global Networks & Technology bei Verizon Communications (VZ), meldete eine Transaktion nach Section 16 mit Datum 08/28/2025. Die Meldung weist den Erwerb von 87.451 Einheiten unitisierter Phantom Stock aus, die als derivative Wertpapiere verbucht sind und das wirtschaftliche 脛quivalent eines Teils von Stammaktien darstellen und bar abgewickelt werden. Die Phantom-Aktien werden indirekt im Rahmen von Verizons Plan zur aufgeschobenen Verg眉tung gehalten und gem盲脽 den im Plan getroffenen Wahloptionen ausgezahlt. In der Meldung wird angegeben, dass die berichteten Best盲nde Phantom Stock enthalten, die durch Dividendenreinvestition erworben wurden. Das Formular 4 wurde am 08/29/2025 von einem Bevollm盲chtigten unterzeichnet.
FAQ
What did Joseph J. Russo report on Form 4 for VZ?
Are the phantom shares settled in stock or cash?
How are the phantom units held for Russo?
Does the filing show dividend treatment for the phantom stock?
When was the Form 4 signed and by whom?
