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

Signature
Brandon N. Egren, Attorney-in-fact for Hans Erik Vestberg
Issuer symbol
VZ
Transactions as of
28 Sep 2023
Net transactions value
-$4,450,953
Form type
4
Filing time
02 Oct 2023, 11:55:10 UTC
Previous filing
18 Sep 2023
Next filing
03 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Award +248,186 +318% 326,183 29 Sep 2023 Direct F1
transaction VZ Common Stock Tax liability $4,453,653 -137,416 -42% $32.41 188,767 29 Sep 2023 Direct
holding VZ Common Stock 231,000 28 Sep 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 $2,700 +290 +0.23% $9.30 126,415 28 Sep 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.