Mary-Lee Stillwell - Sep 1, 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
SVP and Controller
Signature
Brandon N. Egren, Attorney-in-fact for Mary-Lee Stillwell
Stock symbol
VZ
Transactions as of
Sep 1, 2023
Transactions value $
-$21,648
Form type
4
Date filed
9/6/2023, 07:46 AM
Previous filing
Sep 5, 2023
Next filing
Sep 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Options Exercise +2.39K +44.33% 7.79K Sep 1, 2023 Direct F1
transaction VZ Common Stock Tax liability -$21.6K -621 -7.97% $34.86 7.17K Sep 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 - 2020 Award Options Exercise -2.39K -100% 0 Sep 1, 2023 Common Stock 2.39K Direct F1, F2
* 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 September 1, 2021.