Venkatesh Vandana 4

What Happened Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), was granted 88.433 phantom stock units on 2026-03-12. The filing values the award at $14.44 per unit for a total economic value of approximately $1,277. This transaction is reported as an award/acquisition (code A) and represents a derivative, cash‑settled compensation credit rather than acquisition of Verizon common stock.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-13 (timely filed within required reporting window).
• Units granted: 88.433 phantom stock units; per-unit value shown: $14.44; total value ≈ $1,277.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: Phantom stock units are the economic equivalent of a portion of a share and are settled in cash under the company’s deferred compensation plan (F1). The reported units include phantom stock acquired through dividend reinvestment (F2).
• Transaction code: A (award/grant); no 10b5-1 plan, tax-withholding, or late‑filing flags noted in the provided data.

Context Phantom stock units are a form of deferred compensation that track the value of company shares but are paid in cash on settlement events defined by the plan; they do not convey voting rights or actual share ownership. The relatively small dollar amount suggests this is routine compensation/deferral activity rather than a meaningful directional bet on the stock.