Vandana Venkatesh - 11 Oct 2022 Form 3 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role: EVP and General Counsel
Signature: Brandon N. Egren, Attorney-in-fact for Vandana Venkatesh
Issuer symbol: VZ
Transactions as of: 11 Oct 2022
Net transactions value: $0
Form type: 3
Filing time: 20 Oct 2022, 14:11:38 UTC
Next filing: 17 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VZ	Common Stock						3,961	11 Oct 2022	Direct
holding	VZ	Common Stock						5,185	11 Oct 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)							11 Oct 2022	Common Stock	5,996		By Deferred Compensation Plan	F1
holding	VZ	Restricted Stock Units - 2020 Award							11 Oct 2022	Common Stock	2,091		Direct	F2
holding	VZ	Restricted Stock Units - 2021 Award							11 Oct 2022	Common Stock	4,425		Direct	F3
holding	VZ	Special Restricted Stock Units - 2021 Award							11 Oct 2022	Common Stock	15,117		Direct	F4
holding	VZ	Restricted Stock Units - 2022 Award							11 Oct 2022	Common Stock	6,174		Direct	F5

* 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 21,000.704 units held as of October 11, 2022.
F2	Each 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 March 2, 2023.
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 two equal installments on March 1, 2023 and March 1, 2024, respectively.
F4	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.
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 three equal annual installments beginning on March 1, 2023.