Venkatesh Vandana 4

What Happened
Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications (VZ), was granted 90.512 shares of phantom stock (derivative award) on February 12, 2026. The grant is recorded at an imputed price of $14.11 per unit, for a total value of approximately $1,277. This was an award/grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-12; Imputed price: $14.11; Quantity: 90.512 phantom shares; Total value ≈ $1,277.
• Transaction type: Award/grant of phantom (cash‑settled) stock (derivative).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payment timing follows the reporting person's deferred compensation plan. F2 — includes phantom stock acquired through dividend reinvestment.
• Filing date: 2026-02-17 (filed five days after the Feb 12 transaction). Form 4s are typically due within two business days of the transaction, so this appears to have been filed late by one business day.

Context
Phantom stock grants are a form of deferred compensation that pay out in cash based on the value of the company’s shares and do not transfer actual common stock. Such awards are routine compensation events and do not necessarily signal the insider’s view on the company’s near‑term stock performance.