Verizon (VZ) EVP Venkatesh Vandana Receives Phantom Stock Award

What Happened
Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), was granted 89.545 units of phantom stock on 2026-09-10. The award is recorded as a derivative grant (transaction code A) at a per‑unit value of $14.26, for a total grant value of approximately $1,277. This is an award / deferred compensation grant (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-09-10; filing date: 2026-09-11 (filed the next day).
• Instrument: 89.545 phantom stock units, $14.26 per unit, total ≈ $1,277. (Reported as a derivative award.)
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes:
  • F1 — Each phantom stock unit is the economic equivalent of a portion of one common share and is settled in cash; payout is governed by the reporting person’s deferred compensation elections.
  • F2 — The reported phantom stock includes units acquired through dividend reinvestment.
• Timeliness: filing appears timely (reported the day after the transaction).

Context
Phantom stock is a cash‑settled deferred compensation award that tracks the economic value of company stock but does not transfer actual voting shares. Such awards are routine for executive compensation and do not by themselves signal a buy or sell decision in the market.