Kyle Malady - Feb 22, 2024 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Signature
Brandon N. Egren, Attorney-in-fact for Kyle Malady
Stock symbol
VZ
Transactions as of
Feb 22, 2024
Transactions value $
-$881,079
Form type
4
Date filed
2/26/2024, 10:47 AM
Previous filing
Feb 20, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Sale -$979K -24K -40.54% $40.80 35.2K Feb 22, 2024 Direct F1
holding VZ Common Stock 17.2K Feb 22, 2024 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 Phantom Stock (unitized) Award $98.1K +8.44K +2.55% $11.63 339K Feb 22, 2024 Common Stock 2.41K By Deferred Compensation Plan F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices per share ranging from $40.780 to $40.924. The reporting person will provide to Verizon Communications Inc., any security holder of Verizon Communications Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 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.
F3 Includes phantom stock acquired through dividend reinvestment.