Form 4: Verizon Executive Reports Acquisition of Phantom Stock Units

Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc, reports the acquisition of phantom stock units and holdings in common stock through a deferred compensation plan.

Summary

• Vandana Venkatesh, an executive at Verizon Communications Inc, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 103.632 phantom stock units on April 10, 2025, at a price of $12.25 per unit.
• These phantom stock units are economically equivalent to shares of common stock and will be settled in cash upon certain events.
• Venkatesh also holds 43,881.064 shares of common stock indirectly through a deferred compensation plan, including shares acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock, Verizon, VZ, Venkatesh, Deferred Compensation