Verizon Communications Inc. insider Alfonso Villanueva Rodriguez reported a change in beneficial ownership of Verizon-related derivative securities dated July 16, 2026. The Form 4 was signed on July 17, 2026 by Evgeniya Berezkina as attorney-in-fact for Rodriguez. The reported security is phantom stock tied to Verizon common stock. According to the filing notes, each share of phantom stock represents the economic equivalent of a portion of one share of Verizon common stock, but it is settled in cash rather than delivered as actual shares. The phantom stock becomes payable upon events selected by the reporting person under Verizon’s deferred compensation plan. The filing also states that the reported holdings include phantom stock acquired through dividend reinvestment. That suggests the ownership change may relate at least in part to additional phantom stock credited as dividends were reinvested within the deferred compensation arrangement, rather than an open-market purchase or sale of Verizon common shares. The text provided does not disclose the specific number of phantom shares acquired or disposed of, the transaction code, transaction price, or the exact number of derivative securities beneficially owned after the transaction. As a result, the filing is best understood as reporting an insider’s updated economic exposure to Verizon stock through a cash-settled deferred compensation/phantom stock account, not a clearly identified market trade in VZ common stock.