Joseph J. Russo - Feb 22, 2024 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
Stock symbol
VZ
Transactions as of
Feb 22, 2024
Transactions value $
$115,129
Form type
4
Date filed
2/26/2024, 10:47 AM
Previous filing
Feb 20, 2024
Next filing
Mar 4, 2024

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 $115K +9.9K +26.48% $11.63 47.3K Feb 22, 2024 Common Stock 2.83K By Deferred Compensation Plan F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. Of the total amount acquired, 4,949.649 shares of phantom stock may be reallocated into other plan investments. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
F2 Includes phantom stock acquired through dividend reinvestment.