Daniel H. Schulman, CEO and Director of Verizon Communications Inc., filed a Form 4 on November 6, 2026, disclosing the acquisition of phantom stock units under the company's deferred compensation plan, with an earliest transaction date of November 5, 2026.

Key Highlights

  • Reporting person: Daniel H. Schulman, identified in the filing as CEO and Director of Verizon Communications Inc. (NYSE:VZ).
  • Transaction: Acquisition (code A) of 202.061 units of Phantom Stock (unitized) on November 5, 2026, under the deferred compensation plan.
  • Price per unit: $13.17 per share of underlying common stock.
  • Resulting holdings: 10,367.832 phantom stock units beneficially owned indirectly following the reported transaction, held through the deferred compensation plan.
  • Dividend reinvestment: The filing notes that the total includes phantom stock acquired through dividend reinvestment.
  • Settlement terms: Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.

Schulman's Deferred Compensation Plan Activity at Verizon Communications

According to the filing, Daniel H. Schulman, serving as CEO and Director at Verizon Communications Inc. (NYSE:VZ), acquired 202.061 units of Phantom Stock (unitized) on November 5, 2026. The acquisition was recorded under transaction code A and carried a price of $13.17 per share of the underlying common stock. The units are held indirectly through the company's deferred compensation plan.

The filing explains that "each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash." The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan. No shares of common stock were directly acquired or disposed of in this transaction; the phantom stock carries no direct equity ownership.

Following the reported transaction, Schulman's total indirect beneficial ownership of phantom stock units stands at 10,367.832, a figure the filing states includes phantom stock acquired through dividend reinvestment. The Form 4 was signed by Evgeniya Berezkina as attorney-in-fact for Daniel H. Schulman and filed on November 6, 2026.

What Was Disclosed

The filing disclosed that CEO Daniel H. Schulman acquired 202.061 phantom stock units in Verizon Communications Inc. on November 5, 2026, through a deferred compensation plan, bringing his total indirect phantom stock holdings to 10,367.832 units settled in cash.