Vestberg Hans Erik 4

What Happened

• Hans Erik Vestberg, listed as a director of Verizon Communications Inc. (VZ), was granted 16,323.276 shares of phantom stock on 2026-02-26. The filing values the award at $13.95 per share for a total of $227,710. This transaction is reported as an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-02-27 (timely filing).
• Grant: 16,323.276 phantom shares @ $13.95 each = $227,710 total.
• Transaction code: A (award/grant) and classified as a derivative.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payout is governed by the reporting person's elections under the deferred compensation plan. F2 — The award includes phantom stock acquired via dividend reinvestment.

Context

• This was a derivative cash-settled award (phantom stock) under Verizon’s deferred compensation arrangements, meaning no actual common shares were transferred and payment will be made in cash per plan terms. Such awards are typically compensation-related and do not directly indicate a buying or selling signal in the market.