Verizon Communications (VZ) EVP adds phantom stock units via deferred plan

Rhea-AI Filing Summary

Verizon Communications Inc. executive vice president and chief legal officer Vandana Venkatesh reported an acquisition of phantom stock units tied to Verizon common stock through a deferred compensation plan. On 12/31/2025, 31 phantom stock units were credited at a reference price of $11.63 per unit.

Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and will be settled in cash based on elections made under the deferred compensation plan. After this transaction, a total of 48,090.078 phantom stock units are shown as indirectly held through the deferred compensation plan, which also reflects units acquired via dividend reinvestment.

SEC Form 4

FORM 4

UNITED 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
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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 NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock (unitized)	(1)	12/31/2025		A		109.82		(1)	(1)	Common Stock	31	$11.63	48,090.078(2)	I	By 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 Venkatesh	01/02/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did Verizon Communications (VZ) report for its EVP and Chief Legal Officer?

The EVP and Chief Legal Officer, Vandana Venkatesh, reported the acquisition of 31 phantom stock units linked to Verizon common stock on 12/31/2025 through a deferred compensation plan.

What are the key details of the phantom stock units reported at Verizon (VZ)?

On 12/31/2025, 31 phantom stock units were credited at a reference price of $11.63 per unit. Each unit represents the economic equivalent of a portion of one Verizon common share and is settled in cash under the deferred compensation plan.

How many phantom stock units does the Verizon (VZ) executive hold after this transaction?

Following the reported transaction, the filing shows a total of 48,090.078 phantom stock units indirectly held by the executive through the deferred compensation plan.

How is the Verizon (VZ) phantom stock settled for the executive?

The filing states that each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events elected by the reporting person under the deferred compensation plan.

Does the Verizon (VZ) phantom stock balance include dividend reinvestment?

Yes. The explanation notes that the total includes phantom stock acquired through dividend reinvestment within the deferred compensation plan.

What is the relationship of the reporting person to Verizon Communications (VZ)?

The reporting person is identified as an officer of Verizon Communications Inc., serving as EVP and Chief Legal Officer.