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

Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon, acquired phantom stock units through a deferred compensation plan.

Summary

• Vandana Venkatesh, an executive at Verizon Communications, acquired 71.698 units of phantom stock on January 30, 2025.
• These phantom stock units are economically equivalent to a portion of one share of common stock and will be settled in cash.
• The acquisition was made through a deferred compensation plan.
• The price of the phantom stock was $11.27 per unit.
• The total number of phantom stock units owned by Ms. Venkatesh after the transaction is 37,399.196, which includes units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a standard practice.

Future Outlook

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

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use phantom stock or similar deferred compensation plans as part of their executive compensation packages.
• These plans are designed to align executive interests with shareholder value and provide long-term incentives.
• The specific terms and conditions of these plans can vary widely between companies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is part of an existing compensation plan.
• The transaction is part of the compensation package for a key executive.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Verizon, Vandana Venkatesh