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Verizon Communications (VZ) EVP awarded cash-settled phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Venkatesh Vandana reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications reported that EVP and Chief Legal Officer Vandana Venkatesh received an indirect award of 92.776 unitized phantom stock units tied to Verizon common stock under a deferred compensation plan. After this grant and related dividend reinvestments, her deferred-comp plan holds 57,839.445 phantom stock units, which are economically linked to common shares and are settled in cash upon specified payout events.

Positive

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Insider Venkatesh Vandana
Role EVP and Chief Legal Officer
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) F1, F2 92.776 $13.76 $1K
Holdings After Transaction: Phantom Stock (unitized) — 57,839.445 shares (Indirect, By Deferred Compensation Plan)
Footnotes (2)
  1. 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.
  2. F2. Includes phantom stock acquired through dividend reinvestment.
Phantom stock units granted 92.7760 units Award of unitized phantom stock on 2026-08-13
Reference price per unit $13.7600 Value associated with the 92.776 phantom stock units
Phantom stock units after transaction 57839.4450 units Total phantom stock units in deferred compensation plan after grant and dividend reinvestment
Underlying common stock equivalent shares 26.0000 shares Underlying common stock referenced by the reported phantom stock award
Phantom Stock (unitized) financial
"security_title: Phantom Stock (unitized)"
deferred compensation plan financial
"events established by the reporting person in accordance with the deferred compensation plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
settled in cash financial
"each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash"
dividend reinvestment financial
"Includes phantom stock acquired through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

FAQ

What insider transaction did Verizon (VZ) report for Vandana Venkatesh?
Verizon reported that EVP and Chief Legal Officer Vandana Venkatesh acquired 92.776 unitized phantom stock units under a deferred compensation plan, economically tied to Verizon common stock and settled in cash upon specified payout events.

How many phantom stock units does Vandana Venkatesh now hold at Verizon (VZ)?
Following the latest award and dividend reinvestment, Vandana Venkatesh’s deferred compensation plan holds 57,839.445 phantom stock units, each economically linked to a portion of one share of Verizon common stock and payable in cash at future events.

Was the Verizon (VZ) Form 4 transaction a market purchase or sale of common stock?
No. The Form 4 reports a grant of phantom stock units in a deferred compensation plan, not an open-market purchase or sale of Verizon common stock. The units are cash-settled and economically reference common shares.

What are the key terms of the phantom stock units reported by Verizon (VZ)?
Each phantom stock unit is economically equivalent to a portion of one share of Verizon common stock and is settled in cash. The units become payable upon events the reporting person established under the deferred compensation plan.

Does the Verizon (VZ) Form 4 mention dividend reinvestment?
Yes. A footnote states that the reported holdings include phantom stock acquired through dividend reinvestment within the deferred compensation plan, increasing the total phantom stock units attributed to Vandana Venkatesh’s account.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Venkatesh Vandana
(Last)(First)(Middle)
VERIZON COMMUNICATIONS INC.
1095 AVENUE OF THE AMERICAS
(Street)
NEW YORK NEW YORK 10036
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock (unitized)(1)08/13/2026A92.776 (1) (1)Common Stock26$13.7657,839.445(2)IBy Deferred Compensation Plan
Explanation of Responses:
1. 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.
2. Includes phantom stock acquired through dividend reinvestment.
Remarks:
Evgeniya Berezkina, Attorney-in-fact for Vandana Venkatesh08/14/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR