Joseph J. Russo - 02 Nov 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
Issuer symbol
VZ
Transactions as of
02 Nov 2023
Net transactions value
-$514,107
Form type
4
Filing time
06 Nov 2023, 14:15:25 UTC
Previous filing
30 Oct 2023
Next filing
13 Nov 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 +15,374 +172% 24,288 02 Nov 2023 Direct F1, F2
transaction VZ Common Stock Tax liability $245,650 -7,346 -30% $33.44 16,942 02 Nov 2023 Direct F2
transaction VZ Common Stock Disposed to Issuer $268,456 -8,028 -47% $33.44 8,914 02 Nov 2023 Direct F2
holding VZ Common Stock 5,215 02 Nov 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 -15,374 -100% 0 02 Nov 2023 Common Stock 15,374 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.