Verizon EVP & Chief Legal Officer Acquires Phantom Stock via Deferred Comp Plan
VERIZON COMMUNICATIONS INC
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Filing Summary
Insider Filing Alert: VERIZON COMMUNICATIONS INC ($VZ) • Insider: Venkatesh Vandana (EVP and Chief Legal Officer) • Transaction: Acquired 89.545 Phantom Stock units at $14.26 per unit (~$1,276.91 total value) • Transaction Date: 2026-09-10 • Ownership Nature: Indirect (Deferred Compensation Plan) • Total Post-Transaction Balance: 58,019.508 shares/units
Comprehensive Analysis
Transaction Overview
On September 10, 2026, Vandana Venkatesh, Executive Vice President and Chief Legal Officer of Verizon Communications Inc. ($VZ), reported the acquisition of 89.545 units of unitized phantom stock at an acquisition price of $14.26 per unit, representing a total transaction value of approximately $1,276.91.
Filing & Security Details
- Security: Phantom Stock (unitized), convertible into cash equivalent to common stock upon plan terms.
- Transaction Code: 'A' (Grant, award, or other acquisition pursuant to Rule 16b-3).
- Nature of Holding: Indirectly held through a Deferred Compensation Plan.
- Post-Transaction Holdings: 58,019.508 phantom stock units (including dividend reinvestment).
Market Significance
This transaction is categorized as Low significance due to the small transaction size (~$1,277) and its nature as a routine acquisition via Verizon's executive deferred compensation plan rather than an open-market purchase.
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Important Disclaimer
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