Form 4: Verizon Executive Reports Phantom Stock Acquisition

Verizon EVP and Chief Legal Officer Vandana Venkatesh acquired 99.684 units of phantom stock via a deferred compensation plan.

Summary

• Vandana Venkatesh, EVP and Chief Legal Officer of Verizon Communications Inc., acquired 99.684 units of phantom stock.
• The transaction occurred on June 4, 2026.
• The acquisition was made through a deferred compensation plan.
• Following this transaction, the reporting person holds a total of 56,503.64 units of phantom stock.
• Each unit of phantom stock is the economic equivalent of one share of common stock and is settled in cash.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding executive compensation.

Positives

• Continued alignment of executive interests with company performance through deferred compensation participation.

Negatives

• None identified.

Risks

• Value of phantom stock is tied to the performance of Verizon common stock, exposing the executive to market volatility.

Future Outlook

Not applicable as this is a routine insider transaction report.

Industry Context

StockSavvy.ai notes that routine insider transactions involving deferred compensation plans are standard corporate governance practices and do not typically signal shifts in company strategy or outlook.

Comparison to Industry Standards

• The use of phantom stock plans for executive compensation is a standard practice among large-cap telecommunications firms like AT&T and T-Mobile to align long-term executive incentives with shareholder value.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation-related transaction.

Next Steps

• None.

Key Dates

Keywords

Verizon, VZ, Form 4, Insider Trading, Phantom Stock, Deferred Compensation