Venkatesh Vandana 4

What Happened
Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon, had 52,242 shares of common stock issued upon the vesting of Performance Stock Units (PSUs) on 2026-02-11. To cover tax withholding related to the vesting, 23,710 shares were surrendered/withheld at a reported value of $48.97 per share, totaling $1,161,079. This was an issuance/award (not a market purchase) with a routine tax-related disposition of shares.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely filing).
• Award: 52,242 shares issued on PSU vesting (price: N/A).
• Tax withholding/disposition: 23,710 shares at $48.97 per share, proceeds $1,161,079 (code F).
• Footnote: These shares were issued upon vesting of PSUs subject to performance criteria other than Verizon’s stock price.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: filed within the normal Form 4 window; not marked late.

Context
PSUs are performance-based equity awards (not option exercises). The withheld 23,710 shares represent a routine tax withholding (sometimes called a cashless or net settlement) and should not be read as a voluntary open-market sale signaling sentiment.