Sampath Sowmyanarayan 4
4 · VERIZON COMMUNICATIONS INC · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Verizon EVP Sampath Sowmyanarayan Receives Phantom Stock Award
What Happened
Sampath Sowmyanarayan, Executive Vice President and Group CEO — VZ Consumer, received an award of 173.244 phantom shares (derivative units) on 2026-01-29. The grant is reported at an imputed price of $11.37 per unit, totaling about $1,970. This was an award (not an open‑market purchase or sale) under a deferred compensation arrangement.
Key Details
- Transaction date: 2026-01-29; Filing date: 2026-01-30 (timely filing).
- Transaction type: Award/Grant of derivative units (code A).
- Units granted: 173.244 phantom shares at $11.37 each; total reported value ~$1,970.
- Shares owned after transaction: Not reported in the provided data.
- Footnotes: Phantom stock units are economic equivalents of portions of common stock and are settled in cash when payable under the deferred compensation plan (F1). The grant includes phantom stock from dividend reinvestment (F2).
- No indication this involved exercise or sale; settlement will be in cash per plan terms.
Context
Phantom stock is a cash‑settled derivative that tracks the economic value of common shares but does not transfer actual shares to the insider. Such awards are commonly used for deferred compensation and do not necessarily signal a discretionary buy or sell decision in the open market.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-01-29$11.37/sh+173.244$1,970→ 134,973.787 total(indirect: By Deferred Compensation Plan)→ Common Stock (49 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.