Verizon: chief legal officer Venkatesh Vandana received 96.488 shares

What happened The filing reports that Venkatesh Vandana, evp and chief legal officer, received 96.488 shares of phantom stock on Oct 8, 2026 at $13.23 per share, valued at $1,277. The transaction is coded as A (award/grant) and is reported as a derivative award.

Key details

• Transaction date and price: Oct 8, 2026 at $13.23 per share.
• Shares received and value: 96.488 shares; total $1,277.
• Transaction type and code: Award/grant (A); derivative (phantom stock).
• Shares owned after the transaction: not reported in the filing.
• Footnotes from the filing: F1 — each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash; payout is governed by the reporting person's deferred compensation plan. F2 — includes phantom stock acquired through dividend reinvestment.
• Filing date and timeliness: filed Oct 9, 2026; the filing does not indicate a late report.

Why it may matter

• This was a derivative award of phantom stock that is settled in cash and not a market trade.
• The filing does not show why the insider traded or why the company acted.