Kyle Malady - 01 Mar 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Reporting relationship: EVP&Pres-Global Networks&Tech
Issuer ticker: VZ
Reported as of: 01 Mar 2023
Net transaction value: -$631,490
SEC form: 4
Accepted by SEC: 03 Mar 2023, 12:21:41 UTC
Prior SEC filing: 27 Feb 2023
Next SEC filing: 06 Mar 2023
Source filing: View source filing
Reporting owner signature: Brandon N. Egren, Attorney-in-fact for Kyle Malady

Key filing fact

Kyle Malady filed Form 4 for VERIZON COMMUNICATIONS INC (VZ) on 03 Mar 2023.

Key facts

This page summarizes Kyle Malady's Form 4 filing for VERIZON COMMUNICATIONS INC (VZ).
7 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 03 Mar 2023, 12:21.

Change

Previous filing in this sequence was filed on 27 Feb 2023.
Current net transaction value: -$631,490.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VZ transaction

Common Stock

Options Exercise

Transaction value
Shares: +14,063
Change %: +21%
Price
Shares after: 82,026
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F1

VZ transaction

Common Stock

Tax liability

Transaction value: $262,853
Shares: -6,863
Change %: -8.4%
Price: $38.30
Shares after: 75,163
Date: 01 Mar 2023
Ownership: Direct

VZ transaction

Common Stock

Options Exercise

Transaction value
Shares: +17,172
Change %: +23%
Price
Shares after: 92,335
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F1

VZ transaction

Common Stock

Tax liability

Transaction value: $368,638
Shares: -9,625
Change %: -10%
Price: $38.30
Shares after: 82,710
Date: 01 Mar 2023
Ownership: Direct

VZ holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 16,083
Date: 01 Mar 2023
Ownership: By 401(k)

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VZ transaction Derivative

Restricted Stock Units - 2021 Award

Options Exercise

Transaction value
Shares: -14,063
Change %: -50%
Price
Shares after: 14,063
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,063
Exercise price
Footnotes: F1, F2

VZ transaction Derivative

Restricted Stock Units - 2022 Award

Options Exercise

Transaction value
Shares: -17,172
Change %: -33%
Price
Shares after: 34,344
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 17,172
Exercise price
Footnotes: F1, F3

VZ transaction Derivative

Restricted Stock Units - 2023 Award

Award

Transaction value: $0
Shares: +83,551
Change %
Price: $0.000000
Shares after: 83,551
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 83,551
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2022.

Footnote F3

Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2023.

Footnote 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.