Venkatesh Vandana 4

What Happened

Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications (VZ), was granted 48,593 restricted stock units (RSUs) on 2026-04-01. The Form 4 reports the award as a derivative acquisition at $0.00 (typical for RSU grants); no cash was exchanged. These RSUs represent the right to receive one share of Verizon common stock (plus accrued dividends) on the payment date tied to each vesting event.

Key Details

• Transaction type: Award/Grant (code A) of 48,593 RSUs on 2026-04-01, reported 2026-04-02.
• Reported price: $0.00 on the Form 4 (derivative award; dollar value not reported on the filing).
• Vesting: Per the RSU Agreement, vesting occurs in three equal annual installments beginning March 1, 2027.
• Shares owned after transaction: Not stated in the provided filing.
• Filing timeliness: Report filed one day after the transaction date (appears timely).

Context

RSU grants are not immediate purchases or sales — they are deferred compensation that convert to shares when they vest. The economic value to the insider depends on Verizon’s stock price at each vesting/payment date; the Form 4 does not provide a cash value for the award. This type of award is routine for executives and does not by itself indicate a buy or sell signal.