Craig L. Silliman - 01 Mar 2022 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP&ChiefAdminLegal&PubPolOff
Signature
Brandon N. Egren, Attorney-in-fact for Craig L. Silliman
Issuer symbol
VZ
Transactions as of
01 Mar 2022
Transactions value $
-$376,074
Form type
4
Filing time
03 Mar 2022, 11:40:24 UTC
Previous filing
28 Feb 2022
Next filing
04 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Options Exercise +12.6K +52.96% 36.4K 01 Mar 2022 Direct F1
transaction VZ Common Stock Tax liability -$376K -7.02K -19.26% $53.61 29.4K 01 Mar 2022 Direct
holding VZ Common Stock 4.52K 01 Mar 2022 By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VZ Restricted Stock Units - 2021 Award Options Exercise -12.6K -33.33% 25.2K 01 Mar 2022 Common Stock 12.6K Direct F1, F2
transaction VZ Restricted Stock Units - 2022 Award Award $0 +41K $0.00 41K 01 Mar 2022 Common Stock 41K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date with respect to the date that the RSU vests.
F2 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2022.
F3 Each RSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest in three equal annual installments beginning on March 1, 2023.