Sampath Sowmyanarayan 4

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.