Verizon (VZ) EVP Venkatesh Vandana Receives Phantom Stock Award

What Happened
Venkatesh Vandana, EVP and Chief Legal Officer of Verizon Communications Inc., was awarded 92.776 phantom stock units on 2026-08-13. The units were valued at $13.76 each for a total economic value of $1,277. This transaction is coded as an Award/Grant (A) and represents a derivative, not an open‑market purchase.

Key Details

• Transaction date: 2026-08-13; Form 4 filed 2026-08-14 (timely filing—within one business day).
• Award: 92.776 phantom stock units @ $13.76 per unit; aggregate economic value reported $1,277.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: Each phantom stock unit is the economic equivalent of a portion of one common share and is settled in cash under Verizon’s deferred compensation plan; the units include phantom stock acquired through dividend reinvestment.
• Transaction code: A (award/grant). This is not a purchase or sale.

Context
Phantom stock units are a cash‑settled form of deferred compensation that tracks the economic value of common shares; they do not immediately increase voting stock or create share dilution. Awards like this are routine executive compensation and do not, by themselves, indicate a buy or sell signal.