Vestberg Hans Erik 4

What Happened

• Hans Erik Vestberg, a director of Verizon Communications Inc. (VZ), was granted 195.245 shares of phantom stock on 2026-04-09. The grant is recorded at $13.63 per share, with a total economic value of $2,661. This transaction is reported as an award (code A) and is a compensation-related grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-09; Price per share recorded: $13.63; Total value: $2,661.
• Transaction type: Award (phantom stock, derivative, cash-settled).
• Shares owned after the transaction: Not specified in this filing.
• Footnotes:
  • F1: Each phantom share is the economic equivalent of a portion of one common share and will be settled in cash per terms the reporting person sets under the deferred compensation plan.
  • F2: The phantom stock amount includes phantom shares acquired through dividend reinvestment.
• Filing timeliness: Reported on 2026-04-10 for a 2026-04-09 event — appears timely.

Context

• Phantom stock is a derivative award that provides cash tied to share value (and sometimes dividends) when vested or paid; it does not represent immediate ownership of company common stock. Such awards are typically routine compensation for executives/directors and do not necessarily signal buy/sell sentiment.