Form 4: Verizon Executive Vandana Venkatesh Reports Phantom Stock Acquisition
SEC Filing
Vandana Venkatesh, EVP-PubPol&ChiefLegalOfficer at Verizon Communications Inc, reports acquisition of phantom stock units through a deferred compensation plan.
Summary
- Vandana Venkatesh, an executive at Verizon Communications Inc, filed a Form 4 on March 28, 2025, reporting a transaction involving phantom stock.
- On March 27, 2025, Venkatesh acquired 98.969 units of phantom stock at a price of $12.82 each.
- These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
- Venkatesh's total holdings include 43,777.432 units of phantom stock, including those acquired through dividend reinvestment, held indirectly through a deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock and related derivatives.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of phantom stock transaction |
| 03/28/2025 | Date of Form 4 filing |
Keywords
Form 4, phantom stock, Vandana Venkatesh, Verizon, deferred compensation, executive compensation, insider trading
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