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

Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon, acquired 73.803 units of phantom stock on January 16, 2025, as part of a deferred compensation plan.

Summary

• Vandana Venkatesh, an executive at Verizon Communications, reported the acquisition of 73.803 units of phantom stock on January 16, 2025.
• These phantom stock units are economically equivalent to shares of common stock but are settled in cash.
• The acquisition was made through a deferred compensation plan.
• The reporting person also holds 37,327.498 units of phantom stock indirectly through a deferred compensation plan, which includes units acquired through dividend reinvestment.
• The price of the phantom stock was $10.94 per unit.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. It indicates alignment of executive interests with the company's performance.

Positives

• The acquisition of phantom stock units indicates continued alignment of executive interests with the company's performance.
• The deferred compensation plan allows for long-term incentives for the executive.

Industry Context

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

Comparison to Industry Standards

• Many large publicly traded companies use phantom stock or similar instruments as part of their executive compensation packages.
• These plans are designed to align executive interests with shareholder value and are a common practice in the telecommunications industry.
• Companies like AT&T and T-Mobile also use similar compensation methods for their executives.

Stakeholder Impact

• The acquisition of phantom stock units aligns executive interests with shareholder value.
• The deferred compensation plan provides long-term incentives for the executive.

Key Dates

Keywords

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