Verizon (VZ) Chief Legal Officer receives 48,593 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Venkatesh Vandana reported acquisition or exercise transactions in this Form 4 filing.
Verizon Communications EVP and Chief Legal Officer Vandana Venkatesh received a grant of 48,593 Restricted Stock Units (RSUs) tied to Verizon common stock. Each RSU represents the right to receive one share of common stock, plus accrued dividends, when it is paid after vesting.
The RSUs will vest in three equal annual installments beginning on March 1, 2027, providing long-term, equity-based compensation that aligns a portion of her pay with Verizon’s future share performance.
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 | Restricted Stock Units - 2026 Award | 48,593 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units - 2026 Award — 48,593 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 48,593 units
Underlying shares: 48,593 shares
First vesting date: March 1, 2027
+2 more
5 metrics
RSUs granted
48,593 units
Restricted Stock Units - 2026 Award granted to EVP and Chief Legal Officer
Underlying shares
48,593 shares
Each RSU represents one share of Verizon common stock
First vesting date
March 1, 2027
RSUs vest in three equal annual installments beginning on this date
Price per RSU
$0.00
Grant price per unit in the Form 4
Shares after transaction
48,593 units
Total RSUs held following the reported grant
Key Terms
Restricted Stock Unit, vest, accrued dividends, payment date, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest financial
"the RSUs will vest in three equal annual installments beginning on March 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
accrued dividends financial
"one share of common stock, plus accrued dividends, on the payment date"
Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.
payment date financial
"on the payment date with respect to the date that the RSU vests"
The payment date is the day when you actually receive money from a financial transaction, like getting your paycheck or the interest from a savings account. It matters because it tells you when the funds will be available to spend or use. Think of it as the day your paycheck hits your bank account, so you know when you can access the money.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
