Verizon EVP awarded phantom stock units
Verizon Communications executive Vandana Venkatesh, EVP and Chief Legal Officer, reported an acquisition of 95.019 units of phantom stock under a deferred compensation plan.
Rhea-AI Filing Summary
Verizon Communications executive Vandana Venkatesh, EVP and Chief Legal Officer, reported an acquisition of 95.019 units of phantom stock under a deferred compensation plan. Each phantom share is economically tied to a portion of one share of common stock and is settled in cash, not actual stock.
The award, which is held indirectly through the company’s deferred compensation plan, corresponds to 27 underlying shares of common stock. Following this grant, Venkatesh’s phantom stock balance in the plan totals 56,311.246 units. Footnotes note that balances also include phantom stock from dividend reinvestment, reinforcing this as routine compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 95.019 shares
Grant/Award
1 txn
Insider
Venkatesh Vandana
Role
EVP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) | 95.019 | $13.44 | $1K |
Holdings After Transaction:
Phantom Stock (unitized) — 56,311.246 contracts (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 granted: 95.019 units at $13.4400
Underlying common shares: 27.0000 shares
Phantom stock balance after: 56,311.2460 units
+1 more
4 metrics
Phantom stock granted
95.019 units at $13.4400
Grant/award acquisition on May 7, 2026
Underlying common shares
27.0000 shares
Tied to this phantom stock award
Phantom stock balance after
56,311.2460 units
Total phantom stock in deferred compensation plan
Conversion price
$0.0000
Phantom stock has no exercise price; settled in cash
Key Terms
Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment, Grant, award, or other acquisition
4 terms
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)""
Deferred Compensation Plan financial
"nature_of_ownership: "By 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.
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did Verizon (VZ) EVP Vandana Venkatesh report in this Form 4?
Vandana Venkatesh reported receiving 95.019 units of phantom stock through Verizon’s deferred compensation plan. The award is a routine compensation grant, economically tied to company common stock but settled in cash rather than shares, and increases her phantom stock balance within the plan.
How many Verizon phantom stock units does Vandana Venkatesh hold after this transaction?
After the reported transaction, Vandana Venkatesh holds 56,311.246 phantom stock units in Verizon’s deferred compensation plan. This total includes the new 95.019-unit award and prior phantom stock, some of which was accumulated through dividend reinvestment according to the filing’s explanatory footnotes.
Does this Verizon (VZ) Form 4 show an open-market stock purchase or sale?
The Form 4 does not show any open-market purchase or sale of Verizon common shares. It reports a grant of phantom stock units under a deferred compensation plan, which are cash-settled instruments economically linked to Verizon stock, rather than direct trading in the company’s common stock.
What is phantom stock in the context of Verizon’s deferred compensation plan?
In this filing, phantom stock represents units whose value tracks a portion of a Verizon common share but are settled in cash. They are issued under a deferred compensation plan, becoming payable upon specified events chosen by the reporting person, and can grow through dividend reinvestment over time.
Is Vandana Venkatesh’s ownership in this Form 4 direct or indirect?
The reported interest is categorized as indirect ownership through a deferred compensation plan. The Form 4 notes the nature of ownership as “By Deferred Compensation Plan,” indicating the phantom stock units are held within that plan structure rather than as directly owned Verizon common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
