Sowmyanarayan Sampath - Jul 1, 2022 Form 3 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role: EVP and Group CEO-VZ Business
Signature: Brandon N. Egren, Attorney-in-fact for Sowmyanarayan Sampath
Stock symbol: VZ
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 3
Date filed: 7/6/2022, 08:05 AM
Next filing: Jul 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VZ	Common Stock						7.3K	Jul 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
holding	VZ	Phantom Stock (unitized)							Jul 1, 2022	Common Stock	21.3K		By Deferred Compensation Plan	F1
holding	VZ	Special Restricted Stock Units - 2018 Award							Jul 1, 2022	Common Stock	23.6K		Direct	F2
holding	VZ	Restricted Stock Units - 2020 Award							Jul 1, 2022	Common Stock	5.87K		Direct	F3
holding	VZ	Special Restricted Stock Units - 2020 Award							Jul 1, 2022	Common Stock	18.4K		Direct	F4
holding	VZ	Restricted Stock Units - 2021 Award							Jul 1, 2022	Common Stock	14.3K		Direct	F5
holding	VZ	Special Restricted Stock Units - 2021 Award							Jul 1, 2022	Common Stock	25.8K		Direct	F6
holding	VZ	Restricted Stock Units - 2022 Award							Jul 1, 2022	Common Stock	53.7K		Direct	F7

* 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. The number of shares is based upon 74,748.394 units held as of July 1, 2022.
F2	Each Special Restricted Stock Unit (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 on September 17, 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 on March 2, 2023.
F4	Each Special 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 on February 10, 2023.
F5	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 two equal installments on March 1, 2023 and March 1, 2024, respectively.
F6	Each Special RSU represents the right to receive an amount payable in cash equal to the economic equivalent of one share of common stock, plus accrued dividends, on the applicable vesting date. Subject to the terms of the RSU Agreement, the RSUs will vest on October 29, 2023.
F7	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.