Kumara Guru Gowrappan - May 27, 2021 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP and Group CEO-VZ Media
Signature
Brandon N. Egren, Attorney-in-fact for Kumara Guru Gowrappan
Stock symbol
VZ
Transactions as of
May 27, 2021
Transactions value $
$1,293
Form type
4
Date filed
6/1/2021, 09:07 AM
Previous filing
May 17, 2021
Next filing
Jun 14, 2021

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 $1.29K +80.7 +0.34% $16.02 23.8K May 27, 2021 Common Stock 23 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. 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.