Verizon (NYSE: VZ) legal chief granted phantom stock units in plan

Rhea-AI Filing Summary

Verizon Communications executive Vandana Venkatesh, EVP and Chief Legal Officer, reported an acquisition of phantom stock units through a deferred compensation plan. On 01/29/2026, 112.338 units of phantom stock (unitized) were credited at a reference price of $11.37 per unit. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash, becoming payable upon events she established under the deferred compensation plan. Following this transaction, she indirectly holds 48,316.03 phantom stock units through the plan, including 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)
01/29/2026

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)	01/29/2026		A		112.338		(1)	(1)	Common Stock	32	$11.37	48,316.03(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	01/30/2026
	** 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 (VZ) report for Vandana Venkatesh?

Verizon reported that EVP and Chief Legal Officer Vandana Venkatesh acquired 112.338 phantom stock units on 01/29/2026. These units were credited through a deferred compensation plan at a reference price of $11.37 per unit and are settled in cash.

What are the phantom stock units in the Verizon (VZ) Form 4 filing?

The filing states each phantom stock unit is the economic equivalent of a portion of one Verizon common share and is settled in cash. The units become payable upon events established by Vandana Venkatesh under the company’s deferred compensation plan.

How many phantom stock units does Vandana Venkatesh hold after this Verizon (VZ) transaction?

After the reported transaction, Vandana Venkatesh indirectly holds 48,316.03 phantom stock units. The Form 4 notes this total includes phantom stock acquired through dividend reinvestment within Verizon’s deferred compensation plan structure.

How was the Verizon (VZ) phantom stock for Vandana Venkatesh acquired?

The 112.338 phantom stock units were acquired on 01/29/2026 under transaction code “A,” indicating an acquisition. The units were credited indirectly to Vandana Venkatesh through a deferred compensation plan, rather than purchased on the open market.

Does Vandana Venkatesh directly own the Verizon (VZ) phantom stock units reported?

The Form 4 classifies ownership of the 48,316.03 phantom stock units as indirect. The nature of ownership is listed as “By Deferred Compensation Plan,” meaning the units are held within that plan for her benefit.

How is the value of Verizon (VZ) phantom stock units determined in this Form 4?

The transaction shows 112.338 phantom stock units at a reference price of $11.37 per unit. The filing explains each phantom stock share represents the economic equivalent of a portion of one Verizon common share and is ultimately settled in cash.