Venkatesh Vandana 4

4 · VERIZON COMMUNICATIONS INC · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Verizon (VZ) EVP Venkatesh Vandana Receives RSUs; Shares Withheld

What Happened

Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon, had Restricted Stock Units (RSUs) convert to 47,948 shares on Feb 27, 2026. To cover tax withholding, 24,306 of those shares were surrendered (reported as dispositions) at $50.14 per share, generating proceeds/value of $1,218,703.
Breakdown by tranche:
- 14,884 RSUs vested → 7,264 shares withheld for taxes at $50.14 = $364,217
- 16,997 RSUs vested → 8,295 shares withheld for taxes at $50.14 = $415,911
- 16,067 RSUs vested → 8,747 shares withheld for taxes at $50.14 = $438,575
These entries reflect conversion/vesting of RSUs (derivative exercise/conversion) and share withholding to satisfy tax obligations — administrative actions rather than open-market sales.

Key Details

Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (timely).
Prices reported for withheld/disposed shares: $50.14 per share; exercise/conversion entries show N/A for exercise price (typical for RSU vesting).
Shares acquired via conversion: 47,948 total; shares disposed (withheld for taxes): 24,306 total.
Shares owned after the transactions: Not specified in the provided excerpt of the filing.
Footnotes: F1–F4 indicate each RSU converts to one share on the payment date and reference vesting schedules (three equal annual installments beginning March 1, 2024; March 1, 2025; and March 1, 2026) as applicable.
Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = payment of exercise price or tax liability (share withholding).

Context

These transactions are routine administrative actions when RSUs vest: the RSUs converted to shares and a portion of shares was withheld to cover tax withholding rather than being sold on the open market. This does not necessarily indicate a discretionary sale by the insider.
For retail investors, purchases or open-market sales by insiders often carry clearer sentiment signals; RSU vesting and withholding are primarily compensation and tax events.

Form 4

Period: 2026-02-27

EVP and Chief Legal Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+14,884→ 74,557 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−7,264$364,217→ 67,293 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+16,997→ 84,290 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−8,295$415,911→ 75,995 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+16,067→ 92,062 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−8,747$438,575→ 83,315 total
Exercise/Conversion
Restricted Stock Units - 2023 Award
[F1][F2]
2026-02-27−14,884→ 0 total
→ Common Stock (14,884 underlying)
Exercise/Conversion
Restricted Stock Units - 2024 Award
[F1][F3]
2026-02-27−16,997→ 16,996 total
→ Common Stock (16,997 underlying)
Exercise/Conversion
Restricted Stock Units - 2025 Award
[F1][F4]
2026-02-27−16,067→ 32,135 total
→ Common Stock (16,067 underlying)

Holdings

Footnotes (4)

[F1]Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date with respect to the date that the RSU vests.
[F2]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.
[F3]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025.
[F4]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.

Signature

Evgeniya Berezkina, Attorney-in-fact for Vandana Venkatesh|2026-03-03

1 file