Verizon CLO awarded 101.906 phantom stock units
Verizon Communications EVP and Chief Legal Officer Venkatesh Vandana received an award of 101.906 phantom stock units on July 16, 2026, held indirectly through a deferred compensation plan.
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Form Type
4
Rhea-AI Filing Summary
Verizon Communications EVP and Chief Legal Officer Venkatesh Vandana received an award of 101.906 phantom stock units on July 16, 2026, held indirectly through a deferred compensation plan. Each phantom unit is the economic equivalent of part of one share of common stock, settled in cash upon specified events, and this grant brings total phantom stock holdings to 56,809.596 units, including units acquired through dividend reinvestment.
Insider Trade Summary
Grant/Award: 101.906 shares
Grant/Award
1 txn
Insider
Venkatesh Vandana
Role
EVP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) F1, F2 | 101.906 | $12.53 | $1K |
Holdings After Transaction:
Phantom Stock (unitized) — 56,809.596 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 units granted: 101.9060 units
Phantom stock units after grant: 56809.5960 units
Underlying common stock equivalent: 29.0000 shares
+1 more
4 metrics
Phantom stock units granted
101.9060 units
Grant to EVP and Chief Legal Officer Venkatesh Vandana on 2026-07-16
Phantom stock units after grant
56809.5960 units
Total phantom stock units held indirectly via Deferred Compensation Plan after the transaction
Underlying common stock equivalent
29.0000 shares
Common stock amount shown as underlying this phantom stock derivative position
Reported phantom unit value
12.5300
Transaction value field associated with the phantom stock units, subject to footnote qualification
Key Terms
phantom stock, deferred compensation plan, dividend reinvestment, economic equivalent
4 terms
phantom stock financial
"Each share of phantom stock is the economic equivalent of a portion of one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
deferred compensation plan financial
"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.
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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of a portion"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Verizon (VZ) report for Venkatesh Vandana?
Verizon reported that EVP and Chief Legal Officer Venkatesh Vandana received an award of 101.906 phantom stock units on July 16, 2026. These units are held indirectly through a deferred compensation plan and are economically linked to Verizon common stock but settled in cash.
How many phantom stock units does the Verizon (VZ) executive hold after this Form 4?
After the reported award, Venkatesh Vandana holds 56,809.596 phantom stock units indirectly via a deferred compensation plan. This total includes phantom stock acquired through dividend reinvestment, as noted in the filing’s footnotes.
What is phantom stock in the context of Verizon (VZ) executive compensation?
The phantom stock reported is described as the economic equivalent of a portion of one share of common stock and is settled in cash. Payment occurs upon events established by the executive under the company’s deferred compensation plan.
How is Venkatesh Vandana’s Verizon (VZ) phantom stock held according to the Form 4?
The Form 4 shows the phantom stock as held indirectly, with ownership listed as "By Deferred Compensation Plan." This indicates the units are part of a deferred compensation arrangement rather than directly owned common stock.
Was the Verizon (VZ) phantom stock transaction reported under a Rule 10b5-1 plan?
The document-level checkbox for Rule 10b5-1 trading plans is not checked, and there is no footnote indicating a pre-arranged trading plan. The reported award appears as a standard deferred compensation-related grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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