Vestberg Hans Erik 4
4 · VERIZON COMMUNICATIONS INC · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) Director Hans Vestberg Receives Phantom Stock Award
What Happened
- Hans Vestberg, listed as a director of Verizon Communications (VZ), was granted 197.535 phantom shares (derivative award) on 2026-04-23. The award is reported at $13.47 per share for a total reported value of $2,661. This was an award/grant (transaction code A), not an open‑market buy or sale.
Key Details
- Transaction date: 2026-04-23; Filing date: 2026-04-24 (timely filing).
- Quantity and price: 197.535 phantom shares at $13.47 per share; total reported value $2,661.
- Shares owned after the transaction: not specified in this Form 4.
- Footnotes: The award is phantom stock settled in cash under a deferred compensation plan (F1). The reported phantom shares include amounts acquired via dividend reinvestment (F2).
- Nature of transaction: derivative, cash‑settled award (compensation), code A.
Context
- Phantom stock is an economic equivalent of actual shares but is settled in cash based on plan terms; it does not represent immediate receipt of company stock. Compensation awards like this are routine for directors and do not necessarily indicate a buy/sell market signal.
Insider Transaction Report
Form 4
Vestberg Hans Erik
Director
Transactions
- Award
Phantom Stock (unitized)
[F1][F2]2026-04-23$13.47/sh+197.535$2,661→ 225,208.005 total(indirect: By Deferred Compensation Plan)→ Common Stock (56 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.
Signature
Evgeniya Berezkina, Attorney-in-fact for Hans Erik Vestberg|2026-04-24