Kyle Malady - 02 Mar 2022 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role: EVP&Pres-Global Networks&Tech
Signature: Brandon N. Egren, Attorney-in-fact for Kyle Malady
Issuer symbol: VZ
Transactions as of: 02 Mar 2022
Net transactions value: -$302,534
Form type: 4
Filing time: 04 Mar 2022, 07:31:48 UTC
Previous filing: 03 Mar 2022
Next filing: 07 Mar 2022
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		+11,450	+36%		43,112	02 Mar 2022	Direct	F1
transaction	VZ	Common Stock	Tax liability	$302,534	-5,588	-13%	$54.14	37,524	02 Mar 2022	Direct
holding	VZ	Common Stock						14,782	02 Mar 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 - 2020 Award	Options Exercise		-11,450	-50%		11,450	02 Mar 2022	Common Stock	11,450		Direct	F1, F2

* 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 2, 2021.