Vandana Venkatesh, Executive Vice President and Chief Legal Officer of Verizon Communications Inc., filed a Form 4 on August 14, 2026, reporting the acquisition of phantom stock units under the company's deferred compensation plan on August 13, 2026.

Key Highlights

  • Reporting person: Vandana Venkatesh, EVP and Chief Legal Officer of Verizon Communications Inc. (NYSE:VZ)
  • Transaction date: August 13, 2026
  • Securities acquired: 92.776 units of Phantom Stock (unitized) under the deferred compensation plan
  • Price per underlying share: $13.76
  • Total phantom stock beneficially owned following transaction: 57,839.445 units, held indirectly through the deferred compensation plan
  • Settlement terms: Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash upon events established by the reporting person
  • Post-transaction holdings include phantom stock acquired through dividend reinvestment, according to the filing

Verizon CLO Deferred Compensation Plan Phantom Stock Acquisition Details

According to the Form 4 filing, Vandana Venkatesh, identified as EVP and Chief Legal Officer of Verizon Communications Inc., acquired 92.776 units of unitized phantom stock on August 13, 2026, under a deferred compensation plan. The transaction was coded as an acquisition (A) in Table II, which covers derivative securities. The filing was signed by Evgeniya Berezkina as attorney-in-fact for Vandana Venkatesh and submitted on August 14, 2026.

The filing states that "each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash," with the shares becoming "payable upon events established by the reporting person in accordance with the deferred compensation plan." The underlying security is listed as Common Stock, with 26 shares at a price of $13.76 noted in the transaction details. The ownership is classified as indirect, held through the deferred compensation plan.

Following the reported transaction, Venkatesh beneficially owns 57,839.445 units of phantom stock indirectly through the deferred compensation plan. The filing notes that this total includes phantom stock acquired through dividend reinvestment. No transactions in non-derivative securities were reported in Table I of the filing.

What Was Disclosed

The filing discloses a single acquisition of 92.776 phantom stock units by Verizon's Chief Legal Officer on August 13, 2026, under a deferred compensation plan, bringing total indirect beneficial ownership to 57,839.445 units settled in cash.