Form 4: Verizon Executive Vandana Venkatesh Reports Stock Transactions

Vandana Venkatesh, EVP PubPol&ChiefLegalOfficer at Verizon Communications Inc, reports the vesting and subsequent sale of restricted stock units, along with associated tax withholding.

Summary

• On March 1, 2025, Vandana Venkatesh, an executive at Verizon Communications Inc., engaged in transactions involving Verizon's common stock.
• These transactions included the vesting of restricted stock units (RSUs) from the 2022, 2023, and 2024 awards, and the subsequent sale of shares to cover tax obligations.
• Specifically, 4,717 RSUs from the 2022 award, 13,963 RSUs from the 2023 award, and 15,943 RSUs from the 2024 award vested.
• Following the vesting, shares were sold at a price of $43.1 to satisfy tax withholding requirements, resulting in the disposal of 2,303, 6,814, and 8,824 shares respectively.
• After these transactions, Venkatesh directly owns 31,141 shares of Verizon common stock and indirectly owns 6,128 shares through a 401(k) account.
• She also holds 13,963 restricted stock units from the 2023 award and 31,889 restricted stock units from the 2024 award.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedules (three equal annual installments) are a common practice in the industry.
• Selling shares to cover tax obligations upon vesting is a standard procedure for executives receiving equity compensation.
• Comparing the size of Venkatesh's holdings and transactions to those of executives at similar companies (e.g., AT&T, T-Mobile) would provide further context.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Verizon, Vandana Venkatesh, Stock Transactions, Restricted Stock Units, RSU, Form 4, Executive Compensation, Beneficial Ownership