Laxman Narasimhan - Jul 1, 2021 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
Director
Signature
Brandon N. Egren, Attorney-in-fact for Laxman Narasimhan
Stock symbol
VZ
Transactions as of
Jul 1, 2021
Transactions value $
$256,345
Form type
4
Date filed
7/6/2021, 08:29 AM
Next filing
Mar 3, 2022

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 Award $256K +4.55K $56.29 4.55K Jul 1, 2021 Common Stock 4.55K By Deferred Compensation Plan F1
* 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 one share of common stock and is settled in cash. The shares of phantom stock become payable following the reporting person's termination of service as a director.