Verizon EVP & CLO Vandana Venkatesh Acquires Phantom Stock Units

Insider Transaction Overview

On August 27, 2026, Vandana Venkatesh, Executive Vice President and Chief Legal Officer of Verizon Communications Inc ($VZ), acquired 90.518 units of unitized phantom stock at an effective price of $14.11 per unit, representing an aggregate value of approximately $1,277.21.

Transaction Breakdown

• Security: Phantom Stock (unitized), representing economic exposure to Verizon common stock settling in cash upon terms established in the deferred compensation plan.
• Transaction Code: A (Grant, award, or other acquisition pursuant to a company plan).
• Ownership Form: Indirect, held via the company's Deferred Compensation Plan.
• Post-Transaction Holdings: Following this transaction, Venkatesh indirectly holds 57,929.963 units of phantom stock (which includes acquisitions via dividend reinvestment).

Market & Strategic Impact

This transaction reflects routine participation in the company's deferred compensation structure and is non-discretionary/administrative in nature. Due to the small dollar amount and non-open-market execution, it carries Low trading significance for market participants.