Form 4: Verizon EVP Acquires Phantom Stock in Deferred Plan

Verizon's EVP and Chief Legal Officer, Vandana Venkatesh, acquired 113.614 units of phantom stock through a deferred compensation plan, increasing her total beneficial ownership to 48,203.692 units.

Summary

• Vandana Venkatesh, Verizon's EVP and Chief Legal Officer, acquired 113.614 units of phantom stock.
• The transaction occurred on January 15, 2026.
• The phantom stock units were acquired at a price of $11.24 per unit.
• Following this acquisition, Ms. Venkatesh's total beneficial ownership of phantom stock units stands at 48,203.692.
• These phantom stock units are part of a deferred compensation plan, are cash-settled, and represent the economic equivalent of a portion of one share of common stock.
• The reported beneficial ownership includes phantom stock units acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of an insider transaction related to executive compensation, with no immediate positive or negative implications for the company's operational or financial performance.

Positives

• Routine acquisition of phantom stock by an executive, indicating participation in the company's deferred compensation plan.
• Increased alignment of executive's long-term interests with shareholder value through equity-linked compensation.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing and does not provide specific information to analyze broader industry trends or competitor activities.

Comparison to Industry Standards

• This filing details a standard executive compensation mechanism (deferred compensation plan involving phantom stock) common across large publicly traded companies.
• No specific comparable companies, projects, or results are detailed within this filing to allow for a direct comparison of the transaction itself.

Related Party Transactions

• Acquisition of phantom stock units by EVP and Chief Legal Officer Vandana Venkatesh through a company-sponsored deferred compensation plan.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine executive compensation disclosure. It indicates continued executive participation in long-term incentive plans.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Verizon, VZ, Vandana Venkatesh, phantom stock, deferred compensation, insider transaction, SEC Form 4, executive compensation, beneficial ownership