Daniel H. Schulman, the CEO of Verizon Communications Inc., has reported a transaction involving phantom stock, as disclosed in a recent SEC filing. This filing is significant as it highlights the ongoing trends in executive compensation, particularly within the telecommunications sector.

Schulman, who has been at the helm of Verizon, made this disclosure on November 6, 2026, detailing a transaction that took place on November 5, 2026. The report indicates that Schulman acquired 202.061 units of phantom stock, valued at $13.17 per unit. Following this transaction, Schulman holds a total of 10,367.832 shares of phantom stock.

Background

Verizon Communications Inc. is a major player in the telecommunications industry, known for providing a wide range of communication services. The company is incorporated in Delaware and operates under the ticker symbol VZ on the stock market. Verizon has a long-standing reputation in the sector, evolving from its roots as Bell Atlantic Corp.

What the Filing Says

The SEC filing, accession number 0001215315-26-000048, reveals that Schulman’s transaction was categorized under a form type of 4, which is used to report changes in ownership. The filing states, "Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash." This indicates that the phantom stock is linked to a deferred compensation plan, which allows Schulman to manage his equity stake strategically.

Impact

This transaction may have implications for various stakeholders, including investors and analysts monitoring executive compensation trends. Schulman’s actions could influence investor confidence in Verizon’s leadership and strategic direction. As a prominent figure in the telecommunications industry, his decisions are closely watched by competitors and market analysts alike.

What's Next

The filing does not say what happens next.