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 through a deferred compensation plan.

Summary

• Vandana Venkatesh, an executive at Verizon Communications, filed a Form 4 to report changes in beneficial ownership.
• The report indicates the acquisition of 103.892 units of phantom stock at a price of $12.22 per unit on April 24, 2025.
• These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
• Following the reported transaction, Venkatesh's indirectly held phantom stock totals 43,984.956 units, including those acquired through dividend reinvestment.

Sentiment

Score: 5

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

Positives

• The acquisition of phantom stock through a deferred compensation plan aligns the executive's interests with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Verizon Communications, Vandana Venkatesh, Phantom Stock, Beneficial Ownership, Deferred Compensation, VZ