Venkatesh Vandana 4

What Happened

• Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications (VZ), was granted 5,899.235 phantom stock units on 2026-02-26. The units are recorded at $13.95 each, for an aggregate economic value of approximately $82,294. The transaction is reported as an award/grant (derivative).

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-02-27.
• Units granted: 5,899.235 phantom stock units; per‑unit value reported: $13.95; total value: ~$82,294.
• Type: Award/Grant of derivative units (Form 4 code A) — these are not share issuances of common stock.
• Settlement: Phantom stock units are the economic equivalent of a portion of a common share and are settled in cash per the deferred compensation plan (Footnote F1).
• Additional note: Phantom units include amounts acquired through dividend reinvestment (Footnote F2).
• Shares owned after the transaction: not provided in the supplied filing details.

Context

• Phantom stock awards are a form of deferred compensation that pay out in cash tied to the company’s stock value; they do not immediately create voting common shares. Such awards are typically part of executive compensation programs and are routine rather than open‑market buys or sells.