Vandana Venkatesh, EVP and Chief Legal Officer of Verizon Communications Inc., filed a statement of changes in beneficial ownership on November 6, 2026, reporting a phantom stock acquisition dated November 5, 2026, under the company's deferred compensation plan.

Key Highlights

  • Reporting person: Vandana Venkatesh, identified in the filing as EVP and Chief Legal Officer of Verizon Communications Inc.
  • Transaction: 96.942 shares of phantom stock acquired (transaction code A) on November 5, 2026, via the deferred compensation plan.
  • Price per unit: $13.17 per phantom stock unit, as stated in the filing.
  • Post-transaction holdings: 59,311.631 phantom stock units beneficially owned indirectly through the deferred compensation plan following the reported transaction.
  • Settlement terms: According to the filing, each phantom stock share "is the economic equivalent of a portion of one share of common stock and is settled in cash."
  • Dividend reinvestment: The filing notes that the total includes phantom stock acquired through dividend reinvestment.

Verizon Chief Legal Officer Reports Deferred Compensation Plan Activity

According to the filing, Vandana Venkatesh, serving as EVP and Chief Legal Officer at Verizon Communications Inc. (NYSE:VZ), reported the acquisition of 96.942 units of phantom stock on November 5, 2026. The transaction was recorded under transaction code A, indicating an acquisition, and was conducted indirectly through the company's deferred compensation plan. The filing was signed on November 6, 2026, by Evgeniya Berezkina as attorney-in-fact for Vandana Venkatesh.

The filing explains that each unit of phantom stock "is the economic equivalent of a portion of one share of common stock and is settled in cash," and that "the shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan." Following the reported transaction, Venkatesh's total indirect beneficial ownership in phantom stock stood at 59,311.631 units, a figure the filing notes includes phantom stock accumulated through dividend reinvestment. No shares of Verizon common stock were reported as directly acquired or disposed of in this filing. Verizon Communications is one of the largest telecommunications companies in the United States, providing wireless and wireline services to consumer and enterprise customers.

What Was Disclosed

The filing reports a single acquisition of 96.942 phantom stock units at $13.17 per unit by Verizon's EVP and Chief Legal Officer on November 5, 2026, through the company's deferred compensation plan, bringing total indirect phantom stock holdings to 59,311.631 units.