Joseph J. Russo - Nov 2, 2023 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP&Pres-Global Networks&Tech
Signature
Brandon N. Egren, Attorney-in-fact for Joseph J. Russo
Stock symbol
VZ
Transactions as of
Nov 2, 2023
Transactions value $
-$514,107
Form type
4
Date filed
11/6/2023, 02:15 PM
Previous filing
Oct 30, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Options Exercise +15.4K +172.47% 24.3K Nov 2, 2023 Direct F1, F2
transaction VZ Common Stock Tax liability -$246K -7.35K -30.25% $33.44 16.9K Nov 2, 2023 Direct F2
transaction VZ Common Stock Disposed to Issuer -$268K -8.03K -47.39% $33.44 8.91K Nov 2, 2023 Direct F2
holding VZ Common Stock 5.22K Nov 2, 2023 By 401(k)

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 Special Restricted Stock Units - 2021 Award Options Exercise -15.4K -100% 0 Nov 2, 2023 Common Stock 15.4K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Special Restricted Stock Unit (RSU) represents the right to receive an amount payable in cash equal to the economic equivalent of one share of common stock on the applicable vesting date, subject to the terms of the RSU Agreement.
F2 Includes common stock acquired through dividend reinvestment.