VZ Form 4: EVP acquires 101.259 phantom stock units; indirect holdings disclosed

Rhea-AI Filing Summary

Vandana Venkatesh, EVP-PubPol & Chief Legal Officer at Verizon Communications (VZ), reported an insider transaction. The Form 4 shows acquisition of 101.259 units of phantom stock on 08/28/2025; phantom stock units are cash‑settled and represent economic equivalents of common shares. The filing indicates 46,305.948 phantom stock units were beneficially owned following the transaction, held indirectly under a deferred compensation plan. The phantom units include amounts acquired through dividend reinvestment and become payable under events selected by the reporting person per the plan. The form was signed by an attorney‑in‑fact on 08/29/2025.

Positive

• Acquisition of 101.259 phantom stock units recorded, showing continued participation in the company deferred compensation plan
• Total indirect beneficial ownership of 46,305.948 phantom units disclosed, including amounts from dividend reinvestment for transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine deferred‑compensation acquisition of cash‑settled phantom units; not a market‑moving transaction.

The Form 4 documents a non‑derivative economic acquisition (phantom stock units) of 101.259 units by a named officer on 08/28/2025, increasing indirect holdings to 46,305.948 units under the company deferred compensation plan. Phantom stock is cash settled and includes dividend reinvestment, indicating plan reinvestment mechanics rather than open‑market purchases or option exercises. For investors, this is a governance/disclosure item reflecting compensation deferral, not an operational or liquidity event affecting Verizon's capital structure.

Corporate Governance Expert

TL;DR: Compensation‑related filing showing plan participation and reinvestment; standard disclosure with limited investor impact.

The reporting person is an executive (EVP and Chief Legal Officer) who acquired phantom stock units that are indirect holdings under the deferred compensation plan. The filing clarifies settlement is cash based and payable upon plan‑specified events, and that dividend reinvestment increases unit balances. This disclosure is consistent with routine executive compensation administration and raises no governance red flags based on the information provided.

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-PubPol&ChiefLegalOfficer

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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)	08/28/2025		A		101.259		(1)	(1)	Common Stock	29	$12.53	46,305.948(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	08/29/2025
	** 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 did Vandana Venkatesh report on Form 4 for VZ?

She reported acquiring 101.259 phantom stock units on 08/28/2025, increasing indirect holdings to 46,305.948 units under a deferred compensation plan.

What is the nature of the phantom stock reported in the VZ Form 4?

Phantom stock is cash‑settled and represents an economic equivalent of common shares, payable upon events set by the reporting person under the deferred compensation plan.

Does the Form 4 indicate market purchases or option exercises for VZ?

No. The filing shows acquisition of phantom stock under a deferred compensation plan, not open‑market purchases or option exercises.

Did the filing disclose dividend reinvestment for the reported units?

Yes. The filer states the 46,305.948 phantom units include amounts acquired through dividend reinvestment.

When was the transaction reported on the Form 4 for VZ?

Transaction date: 08/28/2025; form was signed by attorney‑in‑fact on 08/29/2025.