Joseph J. Russo - 01 Dec 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
01 Dec 2023
Net transactions value
-$117,245
Form type
4
Filing time
05 Dec 2023, 09:37:35 UTC
Previous filing
22 Nov 2023
Next filing
11 Dec 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 +5,941 +67% 14,855 01 Dec 2023 Direct F1, F2
transaction VZ Common Stock Tax liability $117,245 -3,039 -20% $38.58 11,816 01 Dec 2023 Direct F2
holding VZ Common Stock 5,222 01 Dec 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 - 2020 Award Options Exercise -5,941 -100% 0 01 Dec 2023 Common Stock 5,941 Direct F1, F3
* 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 one share of common stock on the payment date with respect to the date that the RSU vests.
F2 Includes common stock acquired through dividend reinvestment.
F3 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on December 1, 2021.