Verizon Communications Inc. SVP and Controller Mary-Lee Stillwell filed a Form 4 on November 6, 2026, disclosing an acquisition of phantom stock units under the company's deferred compensation plan, with a transaction date of November 5, 2026.

Key Highlights

  • Reporting person: Mary-Lee Stillwell, SVP and Controller at Verizon Communications Inc. (NYSE:VZ)
  • Transaction: Acquisition (Code A) of 44.384 phantom stock units on November 5, 2026
  • Underlying security: Each phantom stock unit is described as "the economic equivalent of a portion of one share of common stock" and is settled in cash
  • Price per underlying share: $13.17
  • Post-transaction holdings: 17,588.981 phantom stock units held indirectly through the deferred compensation plan, including units acquired through dividend reinvestment
  • Ownership form: Indirect, held by deferred compensation plan
  • Filing signed by: Evgeniya Berezkina, Attorney-in-fact for Mary-Lee Stillwell, on November 6, 2026

Stillwell's Deferred Compensation Plan Activity at Verizon

According to the filing, Mary-Lee Stillwell, serving as SVP and Controller of Verizon Communications Inc. (NYSE:VZ), acquired 44.384 units of phantom stock on November 5, 2026, under the company's deferred compensation plan. The filing notes that each share of phantom stock "is the economic equivalent of a portion of one share of common stock and is settled in cash," and that the units "become payable upon events established by the reporting person in accordance with the deferred compensation plan."

The transaction is recorded with a price of $13.17 per underlying share of common stock, with 13 shares of common stock listed as the underlying amount for the derivative security. Following the reported transaction, the filing discloses that Stillwell beneficially owns 17,588.981 phantom stock units indirectly through the deferred compensation plan. The filing further notes that this total includes phantom stock acquired through dividend reinvestment.

No direct ownership of Verizon common stock is reported in this filing. The Form 4 was filed by Evgeniya Berezkina as Attorney-in-fact for Mary-Lee Stillwell on November 6, 2026, and covers only the transaction dated November 5, 2026.

What Was Disclosed

This Form 4 discloses Mary-Lee Stillwell's acquisition of 44.384 phantom stock units in Verizon's deferred compensation plan on November 5, 2026, bringing her total indirect beneficial ownership of such units to 17,588.981, inclusive of dividend reinvestment units.