Mary-Lee Stillwell - 02 Nov 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: 02 Nov 2023
Net transactions value: -$397,668
Form type: 4
Filing time: 06 Nov 2023, 14:16:25 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		+11,892	+166%		19,059	02 Nov 2023	Direct	F1
transaction	VZ	Common Stock	Tax liability	$113,295	-3,388	-18%	$33.44	15,671	02 Nov 2023	Direct
transaction	VZ	Common Stock	Disposed to Issuer	$284,374	-8,504	-54%	$33.44	7,167	02 Nov 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	Special Restricted Stock Units - 2021 Award	Options Exercise		-11,892	-100%		0	02 Nov 2023	Common Stock	11,892		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.