Verizon (VZ) legal chief granted cash-settled phantom stock units
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 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.
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 | Phantom Stock (unitized) | 106.463 | $11.99 | $1K |
Holdings After Transaction:
Phantom Stock (unitized) — 56,707.69 shares (Indirect, By Deferred Compensation Plan)
Footnotes (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. 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
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.