Venkatesh Vandana 4

What Happened Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), received an award of 84,926 Restricted Stock Units (RSUs) on February 4, 2026. The RSUs were granted at $0.00 (a compensation award, not a market purchase), reported on a Form 4 filed February 6, 2026. The filing treats these as derivative securities tied to common shares.

Key Details

• Transaction type: Award/Grant (code A) of RSUs (derivative), 84,926 units, grant date 2026-02-04; filing date 2026-02-06.
• Price: $0.00 per RSU (standard for equity awards). No cash value reported in the Form 4; market value will depend on Verizon's share price at payout.
• Vesting: Per the filing footnote, each RSU converts to one share plus accrued dividends on the payment date; RSUs vest on December 31, 2027.
• Shares owned after transaction: Not specified in the Form 4.
• Filing timeliness: Reported two days after the grant date (appears timely); no late-filing flag noted.

Context

• RSU grants are compensation and not an outright market purchase or sale; they reflect company compensation policy rather than a direct bullish or bearish trade. Upon vesting, the RSUs will convert to shares (subject to the RSU agreement and any tax withholding).