Form 4: Vandana Venkatesh Reports Changes in Beneficial Ownership of Verizon Communications Inc. Stock

Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer of Verizon Communications Inc., reports acquisition of phantom stock and holdings in deferred compensation plan.

Summary

• Vandana Venkatesh, an executive officer at Verizon Communications Inc., filed a Form 4 with the SEC on December 20, 2024.
• The filing reports changes in her beneficial ownership of Verizon's securities.
• On December 19, 2024, she acquired phantom stock (unitized) equivalent to 71.827 shares of common stock at a price of $11.41 per share.
• These shares were acquired through a deferred compensation plan.
• Her total holdings include 37,183.299 shares of phantom stock, including those acquired through dividend reinvestment.

Sentiment

Score: 5

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

Future Outlook

The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is a standard practice for executives to hold and trade company stock, and these transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.
• It helps stakeholders understand the alignment of management's interests with those of the shareholders.

Key Dates