Vandana Venkatesh, Executive Vice President and Chief Legal Officer of Verizon Communications Inc., filed a statement of changes in beneficial ownership with the SEC on September 11, 2026, reporting a phantom stock acquisition dated September 10, 2026.

Key Highlights

  • Reporting person: Vandana Venkatesh, identified as EVP and Chief Legal Officer of Verizon Communications Inc. (NYSE:VZ)
  • Security acquired: 89.545 units of Phantom Stock (unitized) on September 10, 2026, under transaction code A (acquired)
  • Price per unit: $14.26, held indirectly through the company's Deferred Compensation Plan
  • Post-transaction holding: 58,019.508 phantom stock units beneficially owned following the reported transaction
  • Settlement terms: Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash, according to the filing
  • Dividend reinvestment: The filing notes that the total includes phantom stock acquired through dividend reinvestment

Verizon CLO's Deferred Compensation Plan Phantom Stock Activity

According to the filing, Vandana Venkatesh, who serves as EVP and Chief Legal Officer at Verizon Communications Inc., a major U.S. telecommunications company, acquired 89.545 units of unitized phantom stock on September 10, 2026. The transaction was coded "A," indicating an acquisition. The units are held indirectly through Verizon's Deferred Compensation Plan, and the filing reports a price of $14.26 per unit associated with the transaction.

The filing explains that "each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash." The phantom stock units "become payable upon events established by the reporting person in accordance with the deferred compensation plan." Following this acquisition, the total beneficial ownership reported stands at 58,019.508 units, a figure the filing states includes phantom stock acquired through dividend reinvestment. The filing was signed by Evgeniya Berezkina as attorney-in-fact for Vandana Venkatesh on September 11, 2026.

What Was Disclosed

The filing reported an acquisition of 89.545 phantom stock units at $14.26 each by Verizon's Chief Legal Officer through the company's Deferred Compensation Plan, bringing total indirect beneficial ownership to 58,019.508 units. The units are cash-settled and not directly exchangeable for common shares.