Verizon Chief Legal Officer Acquires Phantom Stock via Deferred Compensation
VERIZON COMMUNICATIONS INC
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Filing Summary
📢 Form 4 Filing: Verizon Communications Inc ($VZ) Insider: Venkatesh Vandana (EVP and Chief Legal Officer) Transaction Date: 2026-09-24 Type: Acquisition (Deferred Compensation Plan) Security: Phantom Stock (unitized) Units Acquired: 94.528 @ $13.51 (~$1,277.07) Holdings After: 58,114.036 phantom shares Significance: Low
Comprehensive Analysis
Insider Transaction Analysis: Verizon Communications Inc ($VZ)
Summary
On September 24, 2026, Vandana Venkatesh, EVP and Chief Legal Officer of Verizon Communications Inc, acquired 94.528 units of unitized phantom stock at an effective price of $13.51 per unit, representing a total value of approximately $1,277.07.
Key Details
- Security: Phantom Stock (unitized), settled in cash upon events established under the company's deferred compensation plan.
- Transaction Code: 'A' (Grant, award, or other acquisition pursuant to a company plan).
- Nature of Ownership: Indirect, held through the Deferred Compensation Plan.
- Post-Transaction Holdings: 58,114.036 units of phantom stock (including dividend reinvestments).
Market Significance
- Trading Significance: Low.
- This transaction represents a routine, small-dollar allocation under an executive deferred compensation program rather than an open-market discretionary stock purchase or sale. As such, it carries minimal signaling value regarding management's outlook on the stock.
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Important Disclaimer
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