Venkatesh Vandana 4

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.