Form 4: Verizon Executive Acquires Phantom Stock Through Deferred Compensation Plan

Vandana Venkatesh, EVP-Public Policy and Chief Legal Officer at Verizon Communications Inc., acquired 102.737 units of phantom stock valued at $12.35 per unit through a deferred compensation plan.

Summary

• Vandana Venkatesh, Verizon's EVP-Public Policy and Chief Legal Officer, reported an acquisition of 102.737 units of phantom stock.
• The transaction occurred on June 5, 2025, as part of a deferred compensation plan.
• Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash.
• The acquired phantom stock units are linked to 29 shares of common stock.
• Following this transaction, Ms. Venkatesh beneficially owns 44,973.096 phantom stock units indirectly through the deferred compensation plan.
• The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The reported beneficial ownership includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. This is a routine insider transaction related to executive compensation, indicating continued alignment of executive interests with the company's long-term performance through a deferred compensation plan. It does not reflect operational performance or strategic shifts.

Positives

• The acquisition of phantom stock indicates continued participation by a key executive in the company's long-term incentive and compensation structure.
• Phantom stock units are settled in cash, providing a clear value proposition for the executive.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction; it solely reports an insider transaction.

Industry Context

This filing is a routine disclosure of an insider's compensation-related transaction and does not provide broader insights into industry trends or competitive landscape within the telecommunications sector.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not directly impact shareholder value or ownership structure, though it reflects ongoing executive compensation practices.
• Employees: No direct impact on general employees is indicated.

Key Dates

Keywords

Verizon, VZ, SEC Form 4, Insider Transaction, Executive Compensation, Phantom Stock, Deferred Compensation Plan, Beneficial Ownership