Sowmyanarayan Sampath - 10 Feb 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role: EVP and Group CEO-VZ Business
Signature: Brandon N. Egren, Attorney-in-fact for Sowmyanarayan Sampath
Issuer symbol: VZ
Transactions as of: 10 Feb 2023
Net transactions value: -$267,027
Form type: 4
Filing time: 14 Feb 2023, 06:22:43 UTC
Previous filing: 06 Feb 2023
Next filing: 17 Feb 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		+19,288	+159%		31,388	10 Feb 2023	Direct	F1, F2
transaction	VZ	Common Stock	Tax liability	$267,027	-6,674	-21%	$40.01	24,714	10 Feb 2023	Direct	F2
holding	VZ	Common Stock						7,665	10 Feb 2023	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	Special Restricted Stock Units - 2020 Award	Options Exercise		-19,288	-100%		0	10 Feb 2023	Common Stock	19,288		Direct	F1

* 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	Includes common stock acquired through dividend reinvestment.