Venkatesh Vandana 4

What Happened
Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications (VZ), was granted 95.019 units of phantom stock (reported as a derivative award) on 2026-05-07. The units were valued at $13.44 each, giving an aggregate reported value of approximately $1,277. This was an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-05-07 — 95.019 phantom stock units @ $13.44 each; total ≈ $1,277.
• Transaction type: Award / Grant (derivative phantom stock, cash-settled).
• Shares owned after transaction: Not disclosed in the Form 4 excerpt.
• Footnotes:
  • F1: Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payout occurs per events selected under the deferred compensation plan.
  • F2: Includes phantom stock acquired through dividend reinvestment.
• Filing timeliness: Form filed 2026-05-11; filed within the standard two business days after the 2026-05-07 transaction (timely).

Context
Phantom stock is a cash-settled deferred compensation vehicle that tracks the economic value of shares; it’s typically used for executive compensation and does not represent an actual open-market purchase or immediate ownership of common stock. Such grants are routine compensation events and should not be read as a direct market sentiment signal.