Mary-Lee Stillwell, SVP and Controller of Verizon Communications Inc., filed a Form 4 on August 31, 2026, disclosing the acquisition of phantom stock units under the company's deferred compensation plan on August 27, 2026.

Key Highlights

  • Reporting person: Mary-Lee Stillwell, identified as SVP and Controller of Verizon Communications Inc.
  • Transaction date: August 27, 2026, involving the acquisition of 41.442 units of phantom stock (unitized).
  • Price per unit: $14.11, with the transaction coded as an acquisition (A).
  • Post-transaction holdings: 17,102.89 phantom stock units held indirectly through the deferred compensation plan, including units acquired through dividend reinvestment.
  • Settlement terms: According to the filing, each phantom stock unit "is the economic equivalent of a portion of one share of common stock and is settled in cash."
  • Underlying security: Common stock, with 12 shares noted as the amount underlying the derivative transaction.

Verizon Controller's Phantom Stock Acquisition Under Deferred Compensation Plan

According to the filing, Mary-Lee Stillwell acquired 41.442 units of phantom stock (unitized) on August 27, 2026, at a price of $14.11 per unit. The transaction is reported in Table II as a derivative security acquisition. The filing notes that each unit 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 filing discloses that following the reported transaction, Stillwell beneficially owns 17,102.89 phantom stock units indirectly through the deferred compensation plan. The filing further states that this total includes phantom stock acquired through dividend reinvestment. No direct beneficial ownership of non-derivative securities is reported in Table I of the filing.

The Form 4 was filed by Evgeniya Berezkina as attorney-in-fact for Mary-Lee Stillwell. The issuer is identified as VERIZON COMMUNICATIONS INC, trading on NYSE:VZ. The filing was submitted on August 31, 2026, with the earliest transaction date listed as August 27, 2026.

What Was Disclosed

The filing reports a single derivative security acquisition by Verizon's SVP and Controller, Mary-Lee Stillwell, consisting of 41.442 phantom stock units at $14.11 each under a deferred compensation plan, bringing her total indirect holdings to 17,102.89 units.