Tami A. Erwin - Mar 1, 2022 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP and Group CEO-VZ Business
Signature
Brandon N. Egren, Attorney-in-fact for Tami A. Erwin
Stock symbol
VZ
Transactions as of
Mar 1, 2022
Transactions value $
-$490,746
Form type
4
Date filed
3/3/2022, 11:39 AM
Previous filing
Feb 28, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Options Exercise +16.5K +69.58% 40.1K Mar 1, 2022 Direct F1
transaction VZ Common Stock Tax liability -$491K -9.15K -22.83% $53.61 30.9K Mar 1, 2022 Direct
holding VZ Common Stock 45.3K Mar 1, 2022 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 -16.5K -33.33% 32.9K Mar 1, 2022 Common Stock 16.5K Direct F1, F2
transaction VZ Restricted Stock Units - 2022 Award Award $0 +52.2K $0.00 52.2K Mar 1, 2022 Common Stock 52.2K Direct F3
* 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 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, 2023.