Matthew D. Ellis - Mar 1, 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP and CFO
Signature
Brandon N. Egren, Attorney-in-fact for Matthew D. Ellis
Stock symbol
VZ
Transactions as of
Mar 1, 2023
Transactions value $
-$704,682
Form type
4
Date filed
3/3/2023, 12:21 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 +17.5K +12.07% 162K Mar 1, 2022 Direct F1
transaction VZ Common Stock Tax liability -$342K -8.94K -5.51% $38.30 153K Mar 1, 2022 Direct
transaction VZ Common Stock Options Exercise +18.5K +12.06% 172K Mar 1, 2023 Direct F1
transaction VZ Common Stock Tax liability -$362K -9.46K -5.5% $38.30 162K Mar 1, 2023 Direct
holding VZ Common Stock 1.14K Mar 1, 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 Restricted Stock Units - 2021 Award Options Exercise -17.5K -50% 17.5K Mar 1, 2023 Common Stock 17.5K Direct F1, F2
transaction VZ Restricted Stock Units - 2022 Award Options Exercise -18.5K -33.33% 37K Mar 1, 2023 Common Stock 18.5K Direct F1, F3
transaction VZ Restricted Stock Units - 2023 Award Award $0 +73.1K $0.00 73.1K Mar 1, 2023 Common Stock 73.1K 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.