Vestberg Hans Erik 4

What Happened Hans Vestberg, a director of Verizon Communications Inc. (VZ), was awarded 234.151 phantom shares on 2026-01-29. The filing lists an acquisition value of $11.37 per phantom share, for a total economic value of approximately $2,662. This transaction is coded as an award/acquisition (A) and is a derivative, cash‑settled grant rather than a purchase of actual common stock.

Key Details

• Transaction date: 2026-01-29; Filing date: 2026-01-30 (filed within the 2-business-day Form 4 window).
• Security: Phantom stock (derivative; settled in cash).
• Amount: 234.151 phantom shares at $11.37 each; total ≈ $2,662.
• Post-transaction holdings: Not specified in the filing.
• Footnotes:
  • F1 — Each phantom share equals the economic equivalent of a portion of one common share and will be settled in cash per the deferred compensation plan.
  • F2 — Amount includes phantom stock acquired through dividend reinvestment.
• Transaction code: A (award/acquisition). No 10b5-1 plan or tax‑withholding sale noted.

Context Phantom stock awards are a form of deferred compensation that pay out in cash and do not transfer actual shares, so they do not directly change share count or signal an immediate change in insider ownership stance. This was a small, routine compensation award rather than a market purchase or sale.