Venkatesh Vandana 4

What Happened

• Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications (VZ), was granted 106.463 units of phantom stock (derivative award) on 2026-07-01. The award is reported at a unit value of $11.99, totaling approximately $1,276. This was an award/acquisition (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-06.
• Award: 106.463 phantom stock units at $11.99 per unit; total reported value ≈ $1,276.
• Transaction code: A (award/grant/acquisition); instrument: derivative (phantom stock).
• Shares/units owned after the transaction: not disclosed on the provided report.
• Footnotes:
  • F1: Each phantom share is an economic equivalent to a portion of one common share and is settled in cash under the deferred compensation plan; payout occurs per elections under that plan.
  • F2: The reported phantom stock includes units acquired through dividend reinvestment.
• No indication in the provided data that this was a sale, option exercise, gift, or a 10b5-1 plan trade.

Context

• Phantom stock is a cash-settled derivative tied to the company’s common stock value; it does not represent immediate ownership of common shares. Because this is a nominal-value deferred-compensation award (~$1.3K), it’s routine compensation rather than a clear bullish or bearish signal about insider sentiment.