Samantha Hammock - 04 Jan 2024 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP & Chief HR Officer
Signature
Brandon N. Egren, Attorney-in-fact for Samantha Hammock
Issuer symbol
VZ
Transactions as of
04 Jan 2024
Net transactions value
-$70,204
Form type
4
Filing time
08 Jan 2024, 10:51:29 UTC
Previous filing
26 Dec 2023
Next filing
22 Jan 2024
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 +4,711 4,711 04 Jan 2024 Direct F1
transaction VZ Common Stock Tax liability $71,023 -1,804 -38% $39.37 2,907 04 Jan 2024 Direct
holding VZ Common Stock 68 04 Jan 2024 By spouse

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 -4,711 -100% 0 04 Jan 2024 Common Stock 4,711 Direct F1, F2
transaction VZ Phantom Stock (unitized) Award $819 +73 +0.67% $11.24 10,869 04 Jan 2024 Common Stock 21 By Deferred Compensation Plan F3, F4
* 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 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on January 4, 2022.
F3 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.
F4 Includes phantom stock acquired through dividend reinvestment.