Venkatesh Vandana 4
4 · VERIZON COMMUNICATIONS INC · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) EVP & CLO Venkatesh Vandana Receives Phantom Stock Award
What Happened Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), received a grant of phantom stock: 94.771 phantom shares awarded on 2026-04-23 at an implied value of $13.47 per share, totaling $1,277. This was an award (derivative grant) under a deferred compensation plan, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-23; Filing date: 2026-04-24 (timely filing).
- Instrument: Phantom stock (derivative award) — 94.771 shares at $13.47 each; total reported value $1,277.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — Phantom stock represents the economic equivalent of common shares and is settled in cash per the deferred compensation plan; payable upon events designated by the reporting person. F2 — Amount includes phantom stock acquired via dividend reinvestment.
- No indication of a Rule 10b5‑1 plan, option exercise, sale, or tax-withholding sale in this filing.
Context Phantom stock awards are compensation and are settled in cash when vested or upon designated payout events; they do not transfer actual company shares or represent an open-market purchase. Such awards are routine executive compensation and should not be interpreted as a direct buy/sell signal.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-04-23$13.47/sh+94.771$1,277→ 55,409.807 total(indirect: By Deferred Compensation Plan)→ Common Stock (27 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.