Hans Erik Vestberg - Mar 1, 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
Chairman and CEO, Director
Signature
Brandon N. Egren, Attorney-in-fact for Hans Erik Vestberg
Stock symbol
VZ
Transactions as of
Mar 1, 2023
Transactions value $
-$1,635,180
Form type
4
Date filed
3/3/2023, 12:20 PM
Previous filing
Feb 27, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Options Exercise +38.8K +15.02% 297K Mar 1, 2023 Direct F1
transaction VZ Common Stock Tax liability -$823K -21.5K -7.23% $38.30 276K Mar 1, 2023 Direct
transaction VZ Common Stock Options Exercise +38.3K +13.89% 314K Mar 1, 2023 Direct F1
transaction VZ Common Stock Tax liability -$812K -21.2K -6.75% $38.30 293K Mar 1, 2023 Direct

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 Restricted Stock Units - 2021 Award Options Exercise -38.8K -50% 38.8K Mar 1, 2023 Common Stock 38.8K Direct F1, F2
transaction VZ Restricted Stock Units - 2022 Award Options Exercise -38.3K -33.33% 76.6K Mar 1, 2023 Common Stock 38.3K Direct F1, F3
transaction VZ Restricted Stock Units - 2023 Award Award $0 +151K $0.00 151K Mar 1, 2023 Common Stock 151K Direct F4
* 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 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2022.
F3 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2023.
F4 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, 2024.