Verizon Communications Inc (NYSE: VZ) legal chief reports new phantom stock award
Rhea-AI Filing Summary
VERIZON COMMUNICATIONS INC executive Venkatesh Vandana, EVP and Chief Legal Officer, reported an indirect acquisition of 97.008 unitized phantom stock units on 2026-07-30 through a deferred compensation plan. These cash-settled units are economically linked to 28 shares of common stock and include dividend reinvestment, bringing the plan balance to 56,906.604 phantom units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Venkatesh Vandana
Role
EVP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 97.008 | $13.16 | $1K |
Holdings After Transaction:
Phantom Stock (unitized) — 56,906.604 shares (Indirect, By Deferred Compensation Plan)
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.
Key Figures
Phantom stock units acquired: 97.0080 units
Reported value per phantom unit: $13.1600
Phantom units after transaction: 56906.6040 units
+2 more
5 metrics
Phantom stock units acquired
97.0080 units
Unitized phantom stock credited on 2026-07-30
Reported value per phantom unit
$13.1600
Transaction price per phantom stock unit
Phantom units after transaction
56906.6040 units
Total phantom stock balance in deferred compensation plan
Underlying common shares
28.0000 shares
Shares of Verizon common stock economically linked to this phantom position
Transaction date
2026-07-30
Date phantom stock units were credited
Key Terms
Phantom Stock (unitized), deferred compensation plan, indirect ownership
3 terms
Phantom Stock (unitized) financial
"Security title reported as Phantom Stock (unitized) in the transaction"
deferred compensation plan financial
"payable upon 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.
indirect ownership financial
"Ownership coded as I, nature of ownership By Deferred Compensation Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did VZ report for Venkatesh Vandana?
Venkatesh Vandana reported an indirect acquisition of 97.008 unitized phantom stock units on 2026-07-30 under a deferred compensation plan, at a reported value of $13.16 per unit, increasing the phantom stock plan balance to 56,906.604 units.
What type of security was involved in the VZ Form 4 for Venkatesh Vandana?
The transaction involved Phantom Stock (unitized), a cash-settled derivative security that is the economic equivalent of a portion of one share of Verizon common stock and becomes payable upon events chosen under a deferred compensation plan.
Is Venkatesh Vandana’s Verizon phantom stock held directly or indirectly?
The 97.008 phantom stock units are reported as indirectly owned through a Deferred Compensation Plan. This means the position is credited under the plan rather than held as directly owned Verizon common shares in a personal brokerage account.
Does the VZ phantom stock transaction include dividend reinvestment amounts?
Yes. The reported total of 56,906.604 phantom stock units in the deferred compensation plan includes units acquired through dividend reinvestment, meaning credited dividends were automatically converted into additional phantom stock units.