Vandana Venkatesh - Oct 11, 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
Stock symbol
VZ
Transactions as of
Oct 11, 2022
Transactions value $
$0
Form type
3
Date filed
10/20/2022, 02:11 PM
Next filing
Oct 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VZ Common Stock 3.96K Oct 11, 2022 Direct
holding VZ Common Stock 5.19K Oct 11, 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) Oct 11, 2022 Common Stock 6K By Deferred Compensation Plan F1
holding VZ Restricted Stock Units - 2020 Award Oct 11, 2022 Common Stock 2.09K Direct F2
holding VZ Restricted Stock Units - 2021 Award Oct 11, 2022 Common Stock 4.43K Direct F3
holding VZ Special Restricted Stock Units - 2021 Award Oct 11, 2022 Common Stock 15.1K Direct F4
holding VZ Restricted Stock Units - 2022 Award Oct 11, 2022 Common Stock 6.17K 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.