Form 4: Verizon Executive Vandana Venkatesh Reports Acquisition of Phantom Stock

Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc, reports acquiring phantom stock units equivalent to 102.012 shares of common stock on May 8, 2025.

Summary

• On May 8, 2025, Vandana Venkatesh, an executive at Verizon Communications Inc, reported a transaction involving phantom stock.
• Venkatesh acquired 102.012 units of phantom stock, each equivalent to a share of common stock, at a price of $12.44.
• Following the transaction, Venkatesh directly owns no shares and indirectly owns 44,767.22 shares through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
• The phantom stock is settled in cash and becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 5

Explanation: This is a routine disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and prospects.

Key Dates

Keywords

Form 4, Verizon, Phantom Stock, Beneficial Ownership, Vandana Venkatesh, Executive Compensation, VZ