Hans Erik Vestberg - Feb 24, 2022 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
Chairman and CEO, Director
Signature
Brandon N. Egren, Attorney-in-fact for Hans Erik Vestberg
Stock symbol
VZ
Transactions as of
Feb 24, 2022
Transactions value $
$229,455
Form type
4
Date filed
2/28/2022, 07:33 AM
Previous filing
Feb 22, 2022
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 (unitized) Award $229K +15.3K +20.9% $14.97 88.7K Feb 24, 2022 Common Stock 4.36K 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.