Venkatesh Vandana 4

What Happened Venkatesh Vandana, Executive Vice President and Chief Legal Officer of Verizon Communications (VZ), received an award of 88.245 phantom shares on March 26, 2026. The award is reported as a derivative grant valued at $14.47 per share, for a total economic value of about $1,277. This was an award (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date and terms: 2026-03-26 — 88.245 phantom shares @ $14.47 each (total ≈ $1,277).
• Type: Award/Grant of phantom stock (derivative, cash‑settled).
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnotes:
  • F1 — Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payout follows events set under the deferred compensation plan.
  • F2 — Includes phantom stock acquired through dividend reinvestment.
• Filing timeliness: Form 4 filed on 2026-03-30 — within the required reporting window (timely).
• Exhibit: Exhibit 24 (Power of Attorney) attached to the filing.

Context Phantom stock is a deferred, cash‑settled award that tracks the economic value of company stock but does not transfer actual shares or voting rights. Such grants are typically part of executive compensation and do not by themselves indicate buying or selling sentiment. The reported value here is modest (~$1.3K) and appears to be routine compensation rather than a market‑direction signal.