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

Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc., acquired 106.721 phantom stock units through a deferred compensation plan, increasing her indirect beneficial ownership to 45,079.817 units.

Summary

• Vandana Venkatesh, Executive Vice President Public Policy & Chief Legal Officer of Verizon Communications Inc. (VZ), acquired 106.721 phantom stock units.
• The transaction date for this acquisition was June 18, 2025.
• Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash.
• These phantom stock units become payable upon events established by Ms. Venkatesh in accordance with the deferred compensation plan.
• The acquisition was made at a price of $11.89 per phantom stock unit.
• Following this transaction, Ms. Venkatesh indirectly beneficially owns a total of 45,079.817 phantom stock units.
• The reported beneficial ownership includes phantom stock units acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by an executive, particularly through a deferred compensation plan, is a neutral to slightly positive signal, indicating continued alignment of executive interests with the company's performance, but it's a routine compensation event rather than a strong market signal.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The acquisition of phantom stock by a key executive aligns their interests with shareholder value, as the phantom stock's value is tied to the company's common stock performance.

Key Dates

Keywords

Verizon Communications Inc., VZ, Vandana Venkatesh, SEC Form 4, Insider Trading, Phantom Stock, Deferred Compensation Plan, Executive Compensation, Stock Acquisition