Mary-Lee Stillwell - 01 Sep 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
Issuer symbol: VZ
Transactions as of: 01 Sep 2023
Net transactions value: -$21,648
Form type: 4
Filing time: 06 Sep 2023, 07:46:29 UTC
Previous filing: 05 Sep 2023
Next filing: 18 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VZ	Common Stock	Options Exercise		+2,392	+44%		7,788	01 Sep 2023	Direct	F1
transaction	VZ	Common Stock	Tax liability	$21,648	-621	-8%	$34.86	7,167	01 Sep 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		-2,392	-100%		0	01 Sep 2023	Common Stock	2,392		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.