VERIZON COMMUNICATIONS INC 4

EVP & President–Global Networks & Technology Joseph J. Russo was awarded 88.094 units of Verizon phantom stock under a deferred compensation plan, increasing his indirect phantom-stock-equivalent holdings to about 83,397 units.

On July 16, 2026, Joseph J. Russo, EVP & President–Global Networks & Technology of Verizon Communications Inc., received an automatic credit of 88.094 units of phantom stock under the company’s deferred compensation plan at a reference value of approximately $12.53 per unit, with each unit economically equivalent to a portion of one Verizon common share but payable solely in cash at a future date as specified by the plan. This transaction, which includes units acquired via dividend reinvestment, is a routine, cash-settled deferred compensation accrual rather than an open-market purchase or sale of Verizon common stock, and left Russo with an indirect interest equivalent to about 83,397.208 phantom-stock-based units held through the deferred compensation plan. Using the current Verizon share price as a proxy, the value of his phantom stock holdings is materially higher than the nominal transaction value reported for this incremental accrual.

Filing Facts

CIK

732712

Ticker

VZ

Form

4

Source Type

sec

Accession

0001968243-26-000040

Alert Tier

4