Form 4: Verizon Executive Acquires Phantom Stock Units in Deferred Compensation Plan

Verizon's EVP-Public Policy & Chief Legal Officer, Vandana Venkatesh, reported the acquisition of 104.012 phantom stock units through a deferred compensation plan.

Summary

• Vandana Venkatesh, EVP-Public Policy & Chief Legal Officer of Verizon Communications Inc. (VZ), reported the acquisition of 104.012 phantom stock units.
• The transaction date is listed as July 31, 2025.
• Each phantom stock unit was acquired at a price of $12.2, totaling approximately $1,269.05 for the acquired units.
• These phantom stock units are the economic equivalent of a portion of one share of common stock and are settled in cash.
• The total 45,394.454 phantom stock units beneficially owned by Venkatesh are equivalent to 30 shares of Verizon common stock.
• The units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The total beneficial ownership includes units acquired through dividend reinvestment and is held indirectly via a Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of an executive's compensation-related transaction, not indicative of positive or negative company performance or strategic shifts.

Future Outlook

No forward-looking statements or guidance are provided in this filing, which is a transactional report.

Industry Context

This filing reports a routine executive compensation transaction and does not provide broader industry context or trends.

Comparison to Industry Standards

• This filing details an individual executive compensation transaction and does not provide data for comparison to industry-wide benchmarks or competitor results.

Related Party Transactions

• The acquisition of phantom stock units by an executive through a deferred compensation plan can be considered a related party transaction as it involves compensation from the company to an executive.

Stakeholder Impact

• This routine executive compensation transaction has minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as it reflects standard compensation practices rather than a significant operational or financial event.

Next Steps

• No specific future actions, events, or milestones are mentioned beyond the phantom stock units becoming payable upon established events.

Key Dates

Keywords

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