Verizon (VZ) EVP & Chief Legal Officer adds phantom stock units

Rhea-AI Filing Summary

Verizon Communications Inc. executive Vandana Venkatesh, EVP and Chief Legal Officer, reported a change in her deferred compensation holdings. On 12/18/2025, she acquired 110.022 units of phantom stock linked to Verizon common stock at a reference price of $11.54 per unit. Phantom stock is settled in cash and is economically equivalent to a portion of one share of Verizon common stock.

After this transaction, she beneficially owned 47,980.258 phantom stock units through a deferred compensation plan, held indirectly. The filing notes that these phantom stock units become payable upon events she established under the terms of the deferred compensation plan and that the total includes units acquired 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)
12/18/2025

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)	12/18/2025		A		110.022		(1)	(1)	Common Stock	31	$11.54	47,980.258(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	12/19/2025
	** 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?

The filing reports that Vandana Venkatesh, EVP and Chief Legal Officer of Verizon Communications Inc., acquired 110.022 units of phantom stock tied to Verizon common stock on 12/18/2025 through the company’s deferred compensation plan.

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

Following the reported transaction, Vandana Venkatesh beneficially owned 47,980.258 phantom stock units indirectly, held through a Deferred Compensation Plan.

What is phantom stock in the context of Verizon (VZ) executive compensation?

The filing explains that each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash. These units become payable upon events established by the reporting person under the deferred compensation plan.

Did the Verizon (VZ) Form 4 involve common stock or derivative securities?

The transaction involved derivative securities in the form of phantom stock (unitized), which are tied to Verizon’s common stock and reported in Table II of the Form 4.

At what price were the Verizon (VZ) phantom stock units recorded in this Form 4?

The 110.022 phantom stock units acquired on 12/18/2025 were recorded at a price of $11.54 per unit in the Form 4.

How are dividend reinvestments reflected in Verizon (VZ) phantom stock holdings?

The explanation notes that the reported total 47,980.258 phantom stock units includes phantom stock acquired through dividend reinvestment within the deferred compensation plan.