Verizon (VZ) EVP gains additional phantom stock units via deferred plan

Rhea-AI Filing Summary

Verizon Communications executive Vandana Venkatesh reported an acquisition of derivative securities through a company plan. On 02/12/2026, she acquired 90.512 units of phantom stock at $14.11 per unit under a deferred compensation plan, held indirectly. Following this transaction, she beneficially owned 49,145.451 phantom stock units. Each phantom stock unit is economically tied to a portion of one share of Verizon common stock and is settled in cash, becoming payable upon events she established under the deferred compensation plan. The total also includes phantom stock accumulated through 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)
02/12/2026

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)	02/12/2026		A		90.512		(1)	(1)	Common Stock	26	$14.11	49,145.451(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	02/17/2026
	** 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?

Vandana Venkatesh acquired phantom stock units through a deferred compensation plan. On 02/12/2026, she reported an acquisition of 90.512 phantom stock (unitized) derivative securities at $14.11 per unit, held indirectly via a company deferred compensation plan.

How many Verizon (VZ) phantom stock units does Vandana Venkatesh now beneficially own?

After the reported transaction, she beneficially owns 49,145.451 phantom stock units. This total reflects the new 90.512 units acquired on 02/12/2026 and includes additional phantom stock accumulated over time, including amounts acquired through dividend reinvestment under the plan.

What is Verizon (VZ) phantom stock as reported in this Form 4?

Verizon phantom stock is a cash-settled derivative tied to common stock value. Each phantom stock unit is the economic equivalent of a portion of one Verizon common share and is settled in cash when payable under the terms of the deferred compensation plan.

How is Vandana Venkatesh’s Verizon (VZ) phantom stock held?

The phantom stock units are held indirectly through a deferred compensation plan. The Form 4 identifies her ownership type as indirect, with the nature of ownership described as "By Deferred Compensation Plan," reflecting plan-based, rather than directly held, derivative securities.

When do Verizon (VZ) phantom stock units become payable under the plan?

Phantom stock units become payable upon events set by the reporting person. The filing explains that the units are settled in cash and are paid when specific events occur, which Vandana Venkatesh established in accordance with the company’s deferred compensation plan rules.

Does the Verizon (VZ) Form 4 include phantom stock from dividend reinvestment?

Yes, the beneficial ownership includes phantom stock from dividend reinvestment. A footnote states that the reported phantom stock total incorporates units that were acquired through dividend reinvestment under the deferred compensation plan, in addition to directly credited units.