Craig L. Silliman - 14 Apr 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
14 Apr 2022
Transactions value $
$3,353
Form type
4
Filing time
18 Apr 2022, 08:18:52 UTC
Previous filing
06 Apr 2022
Next filing
02 May 2022
SEC
View on sec.gov

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 Phantom Stock (unitized) Award $3.35K +219 +0.09% $15.32 254K 14 Apr 2022 Common Stock 62 By Deferred Compensation Plan F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. Of the total amount acquired, 136.802 shares of phantom stock may be reallocated into other plan investments. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
F2 Includes phantom stock acquired through dividend reinvestment.