Vestberg Hans Erik 4

What Happened

• Hans Erik Vestberg, a director of Verizon Communications Inc. (VZ), was credited with a derivative award of 183.933 phantom shares on March 26, 2026. The filing lists an acquisition price of $14.47 per share, representing a reported economic value of approximately $2,662. This was an award/grant (derivative, code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-26; reported on Form 4 filed 2026-03-30. Price listed: $14.47 per phantom share; total reported value ≈ $2,662.
• Shares acquired: 183.933 phantom shares (cash‑settled equivalents), not actual common stock.
• Shares owned after transaction: Not disclosed on the provided filing details.
• Footnotes: F1 — Each phantom share is the economic equivalent of a portion of one common share and is settled in cash under the deferred compensation plan; payout is governed by elections under that plan. F2 — Amount includes phantom stock acquired through dividend reinvestment.
• Filing timeliness: Form 4 shows a March 30, 2026 filing for a March 26, 2026 transaction. (Form 4s are generally due within two business days; the filing date is noted but timeliness classification is not specified in the supplied data.)

Context

• This transaction is a derivative, cash‑settled director compensation award under Verizon’s deferred compensation plan — a routine form of non‑cash compensation for directors. It is not an open‑market purchase or sale of common stock and should be interpreted as compensation rather than a direct market sentiment signal.