SCHULMAN DANIEL H 4
4 · VERIZON COMMUNICATIONS INC · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) CEO Daniel H. Schulman Receives 184-Share Phantom Award
What Happened
Daniel H. Schulman, listed as CEO and Director of Verizon Communications Inc. (VZ), was granted 183.933 phantom shares on 2026-03-26. The grant is reported at a per-share value of $14.47, for a total reported value of approximately $2,662. This was an award (Form 4 code A) of derivative phantom stock, not an acquisition of actual common shares.
Key Details
- Transaction date: 2026-03-26; Filed with the SEC: 2026-03-30 (timely filing).
- Reported grant: 183.933 phantom shares at $14.47 per share; total ≈ $2,662.
- Security type: Derivative — phantom stock (cash-settled), not issued common stock.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — phantom shares are economic equivalents of common shares and are settled in cash per the deferred compensation plan; F2 — includes phantom stock acquired via dividend reinvestment.
- Remarks: Exhibit 24 — Power of Attorney attached.
Context
Phantom stock grants are a form of deferred compensation paid in cash tied to the value of company stock; they do not transfer voting rights or actual common shares. Because this is a modest-value, cash-settled award, it’s generally a routine compensation event rather than a clear bullish or bearish signal about the insider’s view of the stock.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-03-26$14.47/sh+183.933$2,662→ 6,783.762 total(indirect: By Deferred Compensation Plan)→ Common Stock (52 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.