Venkatesh Vandana 4
4 · VERIZON COMMUNICATIONS INC · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Verizon EVP Venkatesh Vandana Receives Phantom Stock Award
What Happened Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), received an award of 101.906 phantom shares on July 16, 2026. The filing lists a per‑unit value of $12.53, for a total economic value of approximately $1,277. This was an award/grant (derivative) rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-07-16; Form 4 filed 2026-07-17 (timely).
- Transaction type/code: A — award/grant of derivative securities (phantom stock).
- Quantity and value: 101.906 phantom shares × $12.53 = ~$1,277.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — each phantom share is cash‑settled and becomes payable under the deferred compensation plan; F2 — amount includes phantom stock acquired via dividend reinvestment.
- No indication of a 10b5‑1 plan, sale, exercise, gift, or tax withholding in this entry.
Context This was a grant of phantom stock (a cash‑settled deferred compensation award), which represents an economic interest tied to Verizon common stock but does not issue actual shares or change outstanding share count. Such awards are typically part of executive compensation and are not the same as an insider buying stock in the open market.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-07-16$12.53/sh+101.906$1,277→ 56,809.596 total(indirect: By Deferred Compensation Plan)→ Common Stock (29 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.