Matthew D. Ellis - Apr 27, 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP and CFO
Signature
Brandon N. Egren, Attorney-in-fact for Matthew D. Ellis
Stock symbol
VZ
Transactions as of
Apr 27, 2023
Transactions value $
$1,431
Form type
4
Date filed
5/1/2023, 08:27 AM
Previous filing
Apr 17, 2023
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 $1.43K +129 +0.17% $11.07 77.1K Apr 27, 2023 Common Stock 37 By Deferred Compensation Plan F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Matthew D. Ellis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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. 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.