Anthony T. Skiadas - 01 Mar 2024 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP and CFO
Signature
Brandon N. Egren, Attorney-in-fact for Anthony T. Skiadas
Issuer symbol
VZ
Transactions as of
01 Mar 2024
Transactions value $
-$949,524
Form type
4
Filing time
05 Mar 2024, 10:18:31 UTC
Previous filing
04 Mar 2024
Next filing
18 Mar 2024
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 +6.03K +9.62% 68.8K 01 Mar 2024 Direct F1
transaction VZ Common Stock Tax liability -$118K -2.95K -4.28% $40.20 65.8K 01 Mar 2024 Direct
transaction VZ Common Stock Options Exercise +6.24K +9.47% 72.1K 01 Mar 2024 Direct F1
transaction VZ Common Stock Tax liability -$122K -3.04K -4.22% $40.20 69K 01 Mar 2024 Direct
transaction VZ Common Stock Options Exercise +31.8K +46.1% 101K 01 Mar 2024 Direct F1
transaction VZ Common Stock Tax liability -$709K -17.6K -17.48% $40.20 83.2K 01 Mar 2024 Direct
holding VZ Common Stock 2.59K 01 Mar 2024 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 -6.03K -100% 0 01 Mar 2024 Common Stock 6.03K Direct F1, F2
transaction VZ Restricted Stock Units - 2022 Award Options Exercise -6.24K -50% 6.24K 01 Mar 2024 Common Stock 6.24K Direct F1, F3
transaction VZ Restricted Stock Units - 2023 Award Options Exercise -31.8K -33.33% 63.6K 01 Mar 2024 Common Stock 31.8K Direct F1, F4
transaction VZ Restricted Stock Units - 2024 Award Award $0 +84.6K $0.00 84.6K 01 Mar 2024 Common Stock 84.6K Direct F5
* 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 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.
F5 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, 2025.