Vestberg Hans Erik 4
4 · VERIZON COMMUNICATIONS INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) Director Hans Vestberg Receives Phantom Stock Award
What Happened Hans Erik Vestberg, a director of Verizon Communications Inc. (VZ), was granted 184.325 units of phantom stock on 2026-03-12. The reporting Form 4 lists these as a derivative award (code A) valued at $14.44 per unit, for a total reportable value of $2,662. This was an award under a deferred compensation arrangement, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-12; filing date: 2026-03-13 (timely).
- Transaction type/code: Grant/Award (A) — derivative phantom stock.
- Quantity and price: 184.325 units at $14.44 per unit; total $2,662.
- Shares/units owned after transaction: not specified in this filing.
- Footnotes: F1 — each phantom share is cash-settled and payable per the deferred compensation plan; F2 — amount includes phantom stock acquired through dividend reinvestment.
- No indication of option exercise, sale, or 10b5-1 plan in this filing.
Context Phantom stock is a cash-settled derivative that provides economic exposure to Verizon common shares without issuing actual stock; payouts occur per plan rules (e.g., at a later payment event). Director awards like this are common as part of compensation and do not necessarily signal a buy or sell decision by the insider.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-03-12$14.44/sh+184.325$2,662→ 224,631.292 total(indirect: By Deferred Compensation Plan)→ Common Stock (53 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.