Vestberg Hans Erik 4

What Happened Hans Erik Vestberg, a director of Verizon Communications Inc. (VZ), was granted 184.325 units of phantom stock on 2026-03-12. The reporting Form 4 lists these as a derivative award (code A) valued at $14.44 per unit, for a total reportable value of $2,662. This was an award under a deferred compensation arrangement, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; filing date: 2026-03-13 (timely).
• Transaction type/code: Grant/Award (A) — derivative phantom stock.
• Quantity and price: 184.325 units at $14.44 per unit; total $2,662.
• Shares/units owned after transaction: not specified in this filing.
• Footnotes: F1 — each phantom share is cash-settled and payable per the deferred compensation plan; F2 — amount includes phantom stock acquired through dividend reinvestment.
• No indication of option exercise, sale, or 10b5-1 plan in this filing.

Context Phantom stock is a cash-settled derivative that provides economic exposure to Verizon common shares without issuing actual stock; payouts occur per plan rules (e.g., at a later payment event). Director awards like this are common as part of compensation and do not necessarily signal a buy or sell decision by the insider.