Verizon (VZ) EVP Venkatesh Vandana Receives Award

What Happened
Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), was granted a derivative award of 90.518 phantom shares on 2026-08-27. The filing shows a per‑share price of $14.11 for a total economic value of about $1,277. This was an award/acquisition (code A) of phantom stock — not an open‑market purchase of common shares.

Key Details

• Transaction date: 2026-08-27; Form 4 filed 2026-08-31 (appears to be filed within the standard 2 business‑day window).
• Quantity and price: 90.518 phantom shares at $14.11 each; total value ≈ $1,277.
• Nature: Derivative (phantom stock), cash‑settled — not actual common stock.
• Shares owned after transaction: not specified in the filing.
• Footnotes: (F1) Each phantom share is the economic equivalent of part of one common share and is settled in cash under the deferred compensation plan; payable upon events chosen by the reporting person. (F2) Amount includes phantom stock acquired through dividend reinvestment.

Context
Phantom stock awards are typically part of deferred compensation or incentive plans and are settled in cash based on the stock’s value, so they do not change the company’s outstanding share count. This award reflects compensation/deferral activity rather than an outright market purchase or sale and should be interpreted accordingly.