Venkatesh Vandana 4

What Happened Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), received a grant of phantom stock (derivative award) on 2026-05-21. The award comprised 92.71 phantom shares with an attributed price of $13.77 per share, for an economic value of approximately $1,277. This was an award/grant (not an open-market purchase or sale) and is generally part of deferred compensation arrangements rather than a direct equity purchase.

Key Details

• Transaction date: 2026-05-21; reported on Form 4 filed 2026-05-26 (filing appears timely given the May 25 federal holiday).
• Transaction type/code: A (Award / Grant of a derivative security — phantom stock).
• Amount: 92.71 phantom shares at $13.77 per-share equivalent; total value ≈ $1,277.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • F1: Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payout is governed by the reporting person’s deferred compensation plan.
  • F2: Amount includes phantom stock acquired through dividend reinvestment.
• No indication of a sale, option exercise, or tax-withholding sale in this entry.

Context Phantom stock awards are cash-settled derivative grants that track the economic value of company stock and are typically part of executive deferred compensation. Such awards do not transfer actual shares and are not direct buy/sell signals; they reflect compensation design rather than an immediate investment decision.