Alfonso Villanueva Rodriguez, Executive Vice President and Group CEO-VZ Consumer at Verizon Communications Inc. (NYSE:VZ), filed a Form 4 on September 11, 2026, reporting the acquisition of phantom stock units under the company's deferred compensation plan on September 10, 2026.

Key Highlights

  • Reporting person: Alfonso Villanueva Rodriguez, EVP and Group CEO-VZ Consumer at Verizon Communications Inc.
  • Transaction date: September 10, 2026, involving the acquisition of 252.992 units of phantom stock (unitized).
  • Price per unit: $14.26, with the phantom stock acquired through the company's deferred compensation plan.
  • Post-transaction holdings: 7,339.149 phantom stock units held indirectly through the deferred compensation plan, including units 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.

Verizon Executive Acquires Phantom Stock Units via Deferred Compensation Plan

According to the filing, Alfonso Villanueva Rodriguez, serving as EVP and Group CEO-VZ Consumer at Verizon Communications Inc., acquired 252.992 units of unitized phantom stock on September 10, 2026, at a price of $14.26 per unit. The transaction was reported under Table II (Derivative Securities) with a transaction code of "A," indicating an acquisition. The filing was signed by Evgeniya Berezkina as attorney-in-fact for the reporting person and submitted on September 11, 2026.

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." According to the filing, the phantom stock units "become payable upon events established by the reporting person in accordance with the deferred compensation plan." The underlying security referenced in the derivative table is Verizon common stock, with an amount of 72 shares listed as the underlying amount. Ownership of these units is classified as indirect, held through the deferred compensation plan.

Following the reported transaction, the filing discloses that Villanueva Rodriguez beneficially owns 7,339.149 phantom stock units in total. The filing notes that this total "includes phantom stock acquired through dividend reinvestment." No transactions in Table I (Non-Derivative Securities) were reported, and no direct holdings of common stock are listed in this filing.

What Was Disclosed

The filing reports a single acquisition of 252.992 phantom stock units by a Verizon executive through the company's deferred compensation plan, bringing total indirect holdings to 7,339.149 units. No common stock was directly bought or sold.