Samantha Hammock - 04 Jan 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP & Chief HR Officer
Signature
Brandon N. Egren, Attorney-in-fact for Samantha Hammock
Issuer symbol
VZ
Transactions as of
04 Jan 2023
Net transactions value
-$70,250
Form type
4
Filing time
06 Jan 2023, 12:10:57 UTC
Previous filing
23 Dec 2022
Next filing
09 Jan 2023
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 +4,392 +102% 8,702 04 Jan 2023 Direct F1
transaction VZ Common Stock Tax liability $70,250 -1,708 -20% $41.13 6,994 04 Jan 2023 Direct
holding VZ Common Stock 67 04 Jan 2023 By spouse

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 Special Restricted Stock Units - 2021 Award Options Exercise -4,392 -50% 4,392 04 Jan 2023 Common Stock 4,392 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Special 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 January 4, 2022.