Rima Qureshi - 01 Mar 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP & Chief Strategy Officer
Signature
Brandon N. Egren, Attorney-in-fact for Rima Qureshi
Issuer symbol
VZ
Transactions as of
01 Mar 2023
Transactions value $
-$511,994
Form type
4
Filing time
03 Mar 2023, 12:22:00 UTC
Previous filing
27 Feb 2023
Next filing
06 Mar 2023
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 +12.9K +17.44% 87K 01 Mar 2023 Direct F1
transaction VZ Common Stock Tax liability -$253K -6.61K -7.6% $38.30 80.4K 01 Mar 2023 Direct
transaction VZ Common Stock Options Exercise +13.2K +16.43% 93.6K 01 Mar 2023 Direct F1
transaction VZ Common Stock Tax liability -$259K -6.76K -7.22% $38.30 86.9K 01 Mar 2023 Direct

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 -12.9K -50% 12.9K 01 Mar 2023 Common Stock 12.9K Direct F1, F2
transaction VZ Restricted Stock Units - 2022 Award Options Exercise -13.2K -33.33% 26.4K 01 Mar 2023 Common Stock 13.2K Direct F1, F3
transaction VZ Restricted Stock Units - 2023 Award Award $0 +57.4K $0.00 57.4K 01 Mar 2023 Common Stock 57.4K Direct F4
* 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 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2023.
F4 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, 2024.