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Verizon (VZ) insider adds phantom stock via deferred compensation award
Hans Erik Vestberg, an insider at Verizon (VZ), has been granted 197.535 phantom stock units through a deferred compensation plan. These units, valued at $13.47 each, are economically tied to Verizon common stock but are settled in cash. Following this award and dividend reinvestment, Vestberg’s indirect holdings in phantom stock now total 225,208.005 units, representing an economic interest equivalent to 56 underlying shares of common stock.