Form 4: Verizon Executive Vandana Venkatesh Reports Phantom Stock Transaction

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 with the SEC.
• The filing reports a transaction involving phantom stock units acquired on August 1, 2024.
• Venkatesh acquired 70.271 phantom stock units at a price of $11.66 each.
• Following the transaction, Venkatesh beneficially owns 35,909.791 phantom stock units through a deferred compensation plan, including those acquired through dividend reinvestment.
• Each phantom stock unit is the economic equivalent of one share of Verizon common stock and is settled in cash upon events established by the reporting person in accordance with the 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

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

Key Dates