Hans Erik Vestberg - 13 Apr 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
Issuer symbol
VZ
Transactions as of
13 Apr 2023
Transactions value $
$2,700
Form type
4
Filing time
17 Apr 2023, 08:17:21 UTC
Previous filing
04 Apr 2023
Next filing
01 May 2023
SEC
View on sec.gov

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 Phantom Stock (unitized) Award $2.7K +241 +0.2% $11.22 119K 13 Apr 2023 Common Stock 69 By Deferred Compensation Plan F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
F2 Includes phantom stock acquired through dividend reinvestment.