Form 4: Vandana Venkatesh Reports Acquisition of Phantom Stock in Verizon Communications

Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications, reports acquiring phantom stock units equivalent to 223.916 shares of common stock on March 13, 2025, through a deferred compensation plan.

Summary

• Vandana Venkatesh, an executive at Verizon Communications, filed a Form 4 with the SEC.
• The filing reports a transaction involving phantom stock units.
• On March 13, 2025, Venkatesh acquired 223.916 units of phantom stock through a deferred compensation plan.
• Each unit of phantom stock is economically equivalent to one share of Verizon's common stock and is settled in cash.
• The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
• Following the reported transaction, Venkatesh indirectly owns 43,678.463 units of phantom stock through the deferred compensation plan, including shares acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's participation in a deferred compensation plan, a common practice among publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates