Verizon EVP & CLO Acquires Phantom Stock Under Deferred Compensation Plan

Insider Transaction Overview

On October 22, 2026, Vandana Venkatesh, Executive Vice President and Chief Legal Officer of Verizon Communications Inc. (NYSE: VZ), acquired 98.907 units of unitized phantom stock under the company's deferred compensation plan. The transaction price was reported as $12.91 per unit, resulting in a total transaction value of approximately $1,276.89.

Transaction Summary

• Insider: Vandana Venkatesh
• Role: EVP and Chief Legal Officer
• Transaction Code: A (Grant, award, or other acquisition)
• Security: Phantom Stock (unitized), convertible into cash based on the economic equivalent of Verizon common stock
• Quantity: 98.907 units (underlying 28 shares of common stock)
• Price per Unit: $12.91
• Total Consideration: $1,276.89
• Ownership Type: Indirect (Held by Deferred Compensation Plan)
• Post-Transaction Balance: 58,309.431 units

Context & Significance

This transaction has Low trading significance for market participants. The acquisition represents an automated or routine deferred compensation allocation rather than an open-market purchase or discretionary execution. Phantom stock units under this plan are payable in cash upon predetermined distribution dates or events.