Venkatesh Vandana 4

What Happened Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon (VZ), received an award of 93.672 phantom shares (derivative award) on 2026-04-09. The filing reports a per-share value of $13.63 for a total economic value of approximately $1,277. This was an award/grant (not an open‑market purchase or sale) and represents a cash‑settled phantom stock grant under Verizon’s deferred compensation plan.

Key Details

• Transaction type: Award/Grant (code A), derivative (phantom stock).
• Date: 2026-04-09; Filing date: 2026-04-10 (timely filing).
• Quantity and value: 93.672 phantom shares × $13.63 = ~$1,277.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: Phantom shares are cash‑settled equivalents of common stock and become payable upon events chosen by the reporting person under the deferred compensation plan (F1). The grant includes phantom stock acquired through dividend reinvestment (F2).
• Market signal: This is a compensation award (not a market buy/sell) and does not convey immediate voting power or open‑market exposure.

Context Phantom stock is a derivative cash‑settled award that tracks the economic value of shares but is paid in cash when vested or upon triggering events, so it differs from receiving actual common stock. Such awards are routine components of executive compensation and should be interpreted as compensation-related rather than a direct buy or sell signal.