Vestberg Hans Erik 4

What Happened
Hans Vestberg, a director of Verizon Communications Inc. (VZ), was granted 193.239 shares of phantom stock on May 21, 2026. The award was recorded at $13.77 per share for a total value of approximately $2,661. This was an award/acquisition (derivative, cash‑settled), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (5 days later).
• Transaction type/code: Award/Grant (A); derivative phantom stock.
• Amount: 193.239 phantom shares at $13.77 each; total ≈ $2,661.
• Shares owned after transaction: Not reported in the filing.
• Footnotes:
  • F1: Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payout occurs per elections under the deferred compensation plan.
  • F2: Includes phantom stock acquired through dividend reinvestment.
• Timeliness: Filing occurred 5 days after the transaction (outside the typical 2 business‑day Form 4 window).

Context
Phantom stock is a deferred‑compensation vehicle that pays cash based on the value of company shares; it does not transfer actual common stock at grant. Such awards are routine components of executive/director compensation and do not by themselves indicate buying or selling sentiment in the market.