Venkatesh Vandana 4

What Happened

Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications (VZ), received a grant of 112.338 phantom shares on 2026-01-29. The award is recorded at a per-share value of $11.37 for a total economic value of about $1,277. The transaction is reported as an award/grant (code A) and is a derivative cash-settled phantom stock award — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-01-30 (filed promptly within reporting window).
• Amount: 112.338 phantom shares; reporting value: $11.37 per unit; total ≈ $1,277.
• Transaction type: Award/Grant of derivative phantom stock (code A).
• Shares owned after transaction: Not specified on the provided excerpt.
• Footnotes:
  • F1 — Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payable under the deferred compensation plan.
  • F2 — Includes phantom stock acquired through dividend reinvestment.
• No indication this was an exercise, sale, gift, or tax withholding event.

Context

Phantom stock grants are cash-settled awards that track the economic value of company shares but do not transfer actual common stock. Such grants are typically part of deferred compensation and do not necessarily signal a buy/sell decision by the insider.