Joseph J. Russo's Phantom Stock Transaction in Verizon Communications Inc.

Joseph J. Russo, EVP & President of Global Networks & Technology at Verizon Communications Inc., reported a transaction involving phantom stock units. On October 23, 2025, Russo acquired 99.948 units of phantom stock at a price of $10.97 per unit. Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash. Following this transaction, Russo's total holdings in phantom stock increased to 67,669.21 units. The phantom stock is part of a deferred compensation plan and becomes payable upon events established by Russo. This filing highlights a routine transaction under the company's deferred compensation plan.