Verizon EVP & CLO Acquires Phantom Stock via Deferred Comp Plan
VERIZON COMMUNICATIONS INC
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Filing Summary
=== SEC FORM 4 INSIDER FILING ===
Company: VERIZON COMMUNICATIONS INC (VZ)
Insider: Venkatesh Vandana
Role: EVP and Chief Legal Officer
Date: 2026-10-08
Type: Acquisition (Phantom Stock)
Amount: 96.488 units @ $13.23
Value: $1,276.54
Resulting: 58,210.524 units (Indirect via Deferred Comp Plan)
Impact: Low (Routine deferred compensation plan credit)
Comprehensive Analysis
Insider Transaction Overview
On October 8, 2026, Vandana Venkatesh, Executive Vice President and Chief Legal Officer of Verizon Communications Inc. (NYSE: VZ), acquired 96.488 units of unitized phantom stock at an effective price of $13.23 per unit, representing a total transaction value of approximately $1,276.54.
Transaction Details & Plan Context
- Security: Phantom Stock (unitized), settled in cash and representing the economic equivalent of a portion of Verizon common stock.
- Transaction Code:
A(Acquisition / Plan allocation). - Ownership Nature: Indirect, held through a Deferred Compensation Plan.
- Post-Transaction Holdings: Following this transaction, Venkatesh holds 58,210.524 phantom stock units indirectly under the deferred compensation plan (which includes units acquired via dividend reinvestment).
Market and Sentiment Impact
This transaction has Low trading significance. It reflects an ongoing, routine deferral into the company's executive deferred compensation program rather than an open-market purchase or discretionary directional trade.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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