Venkatesh Vandana 4

What Happened

• Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications (VZ), was granted 97.587 shares of phantom stock (reported as an award) on 2026-06-17. The award is reported at $13.08 per share for a total economic value of approximately $1,276. This was an award (derivative grant), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-06-18 (timely; Form 4 filed within the normal reporting window).
• Transaction type/code: A — Grant/Award (derivative/phantom stock).
• Quantity & valuation: 97.587 phantom shares × $13.08 = ~$1,276 (reported as derivative acquisition).
• Shares owned after transaction: Not disclosed in the provided data.
• Footnotes: F1 — Each phantom share is the economic equivalent of a portion of one common share and is settled in cash under the deferred compensation plan; payout timing is set by the reporting person under that plan. F2 — The phantom shares include amounts acquired through dividend reinvestment.

Context

• Phantom stock is a cash‑settled deferred compensation award that tracks the economic value of common shares but does not convey voting rights or immediate equity ownership. Such awards are typically part of compensation and do not necessarily signal a buy/sell view by the insider.