Finally, Verizon started rolling the latest Android 8.0 Oreo for LG G5 with variant LG-VS987. The update on the LG G5 features the latest security patch which means you will get the August 2018 Security patch update along with Android 8.0 Oreo. The new update bumps the software version to VS98730a. The Update also adds some files and make the phone ready to receive the future Android 8.0 Update via FOTA.
The update is currently rolling via OTA (Over the air) to users. The rollout is in a phase-wise manner, it may take a couple of days or weeks to receive the update notification on your phone. If you are not patient, then you can upgrade Verizon LG G5 to Android 8.0 Oreo with software version VS98730a manually.

Before diving into how to check software update, let’s recap the Android 8.0 Features,
What’s on Android 8.0 Oreo?
Android 8.0 Oreo is the latest released sweet from Google. It is the latest iteration of Android OS after the release of Android 7.0 Nougat. Android Oreo comes with features such as New app notifications, notification dots on app icons, picture-in-picture mode, Android Instant App compatibility, Auto-fill (like on Chrome), Better copy and paste, Faster Android behind the scenes, Better battery life with more advanced Doze mode, and more.
The link above to download the VS98730a ROM downloads the ROM for H8300c. Will it work for VS987?