Venkatesh Vandana 4

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.