Hans Erik Vestberg - Sep 28, 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Signature
Brandon N. Egren, Attorney-in-fact for Hans Erik Vestberg
Stock symbol
VZ
Transactions as of
Sep 28, 2023
Transactions value $
-$4,450,953
Form type
4
Date filed
10/2/2023, 11:55 AM
Previous filing
Sep 18, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Award +248K +318.2% 326K Sep 29, 2023 Direct F1
transaction VZ Common Stock Tax liability -$4.45M -137K -42.13% $32.41 189K Sep 29, 2023 Direct
holding VZ Common Stock 231K Sep 28, 2023 By grantor retained annuity trusts

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 +290 +0.23% $9.30 126K Sep 28, 2023 Common Stock 83 By Deferred Compensation Plan F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock were issued upon the vesting of outstanding Performance Stock Units that were subject to performance criteria other than the issuer's stock price.
F2 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.
F3 Includes phantom stock acquired through dividend reinvestment.