Verizon EVP receives phantom stock award

Venkatesh Vandana reported acquisition or exercise transactions in this Form 4 filing.

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 an award of 106.463 units of phantom stock under a deferred compensation plan. Each unit is economically tied to Verizon common stock but is settled in cash, not shares. Following this compensation grant, her deferred plan balance totals 56,707.690 phantom stock units linked to 30 underlying common shares.

Insider Trade Summary

Grant/Award: 106.463 shares

Grant/Award 1 txn

Insider Venkatesh Vandana

Role EVP and Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	106.463	$11.99	$1K

Holdings After Transaction: Phantom Stock (unitized) — 56,707.69 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. 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.
2. F2. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units granted: 106.463 units Phantom stock unit value: $11.9900 per unit Total phantom stock after grant: 56,707.690 units +2 more

5 metrics

Phantom stock units granted 106.463 units Grant on 2026-07-01

Phantom stock unit value $11.9900 per unit Grant reference price

Total phantom stock after grant 56,707.690 units Deferred Compensation Plan balance

Underlying common shares 30.0000 shares Linked to this phantom stock award

Conversion/exercise price $0.0000 Phantom stock settlement terms

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, Grant, award, or other acquisition, economic equivalent, +1 more

5 terms

Phantom Stock (unitized) financial

"security_title: "Phantom Stock (unitized)""

Deferred Compensation Plan financial

"nature_of_ownership: "By 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.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

economic equivalent financial

"Each share of phantom stock is the economic equivalent of a portion of one share of common stock"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Verizon (VZ) report for Vandana Venkatesh?

Verizon reported that EVP and Chief Legal Officer Vandana Venkatesh received 106.463 phantom stock units as a compensation award. These units are held in a deferred compensation plan and are economically linked to Verizon common stock but paid out in cash.

What is the nature of the phantom stock awarded to the Verizon (VZ) executive?

The phantom stock is a cash-settled incentive tied to Verizon’s common stock value. Each unit represents the economic equivalent of a portion of one common share and becomes payable upon events chosen under the company’s deferred compensation plan.

How many phantom stock units does the Verizon (VZ) executive hold after this Form 4 transaction?

After this transaction, Vandana Venkatesh holds 56,707.690 phantom stock units in the deferred compensation plan. This total includes the new 106.463-unit award and prior phantom stock balances, including amounts accumulated through dividend reinvestment under the plan.

Does this Verizon (VZ) Form 4 show an open-market buy or sell of common stock?

No, the Form 4 reflects a grant of phantom stock units, not an open-market trade in Verizon common shares. The units are settled in cash under a deferred compensation plan and are classified as a grant or award acquisition transaction.

How is the Verizon (VZ) executive’s phantom stock held according to the filing?

The phantom stock is held indirectly through a deferred compensation plan. The filing identifies the ownership as “By Deferred Compensation Plan,” indicating the units are part of a structured compensation arrangement rather than directly held Verizon common stock.

What underlying security is associated with the Verizon (VZ) phantom stock units?

The phantom stock units are economically linked to Verizon common stock, with this award tied to 30 underlying common shares. Although linked to the stock’s value, the award will be settled in cash based on plan rules and election events.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 11:15 AM EDT Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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 NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	07/01/2026		A		106.463		(1)	(1)	Common Stock	30	$11.99	56,707.69(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	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)