Vestberg Hans Erik 4

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.