Matthew D. Ellis - 08 Mar 2022 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP and CFO
Signature
Brandon N. Egren, Attorney-in-fact for Matthew D. Ellis
Issuer symbol
VZ
Transactions as of
08 Mar 2022
Net transactions value
-$417,853
Form type
4
Filing time
10 Mar 2022, 10:14:36 UTC
Previous filing
07 Mar 2022
Next filing
21 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 +15,339 +15% 118,511 08 Mar 2022 Direct F1
transaction VZ Common Stock Tax liability $417,853 -7,847 -6.6% $53.25 110,664 08 Mar 2022 Direct
holding VZ Common Stock 1,069 08 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 - 2019-2022 Award Cycle Options Exercise -15,339 -100% 0 08 Mar 2022 Common Stock 15,339 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 8, 2020.