Verizon (VZ) EVP Vandana Venkatesh Receives Phantom Stock Award

What Happened

• Vandana Venkatesh, EVP and Chief Legal Officer of Verizon Communications (VZ), was granted 97.008 shares of phantom stock on 2026-07-30. The grant is recorded at $13.16 per share for a total economic value of approximately $1,277. This transaction is reported as an award/grant (derivative), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-30; Form 4 filed: 2026-08-03.
• Award type/code: A (Grant, award or other acquisition) — derivative (phantom stock).
• Shares/amount: 97.008 phantom shares at $13.16 each; total ≈ $1,277.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 — each phantom share is cash‑settled and payable under the deferred compensation plan; F2 — amount includes phantom stock acquired through dividend reinvestment.
• Timeliness: No late‑filing flag was provided in the data you supplied.

Context

• Phantom stock is a cash‑settled deferred compensation award that mirrors the economic value of common shares; it does not represent actual equity ownership until settled. Such grants are routine compensation for executives and should not be interpreted as a direct market purchase or sale.