Sowmyanarayan Sampath - 01 Mar 2024 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role: EVP and Group CEO-VZ Consumer
Signature: Brandon N. Egren, Attorney-in-fact for Sowmyanarayan Sampath
Issuer symbol: VZ
Transactions as of: 01 Mar 2024
Net transactions value: -$1,231,607
Form type: 4
Filing time: 05 Mar 2024, 10:17:59 UTC
Previous filing: 04 Mar 2024
Next filing: 18 Mar 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		+8,045	+14%		66,805	01 Mar 2024	Direct	F1
transaction	VZ	Common Stock	Tax liability	$165,463	-4,116	-6.2%	$40.20	62,689	01 Mar 2024	Direct
transaction	VZ	Common Stock	Options Exercise		+20,108	+32%		82,797	01 Mar 2024	Direct	F1
transaction	VZ	Common Stock	Tax liability	$413,537	-10,287	-12%	$40.20	72,510	01 Mar 2024	Direct
transaction	VZ	Common Stock	Options Exercise		+31,736	+44%		104,246	01 Mar 2024	Direct	F1
transaction	VZ	Common Stock	Tax liability	$652,607	-16,234	-16%	$40.20	88,012	01 Mar 2024	Direct
holding	VZ	Common Stock						8,224	01 Mar 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	Restricted Stock Units - 2021 Award	Options Exercise		-8,045	-100%		0	01 Mar 2024	Common Stock	8,045		Direct	F1, F2
transaction	VZ	Restricted Stock Units - 2022 Award	Options Exercise		-20,108	-50%		20,110	01 Mar 2024	Common Stock	20,108		Direct	F1, F3
transaction	VZ	Restricted Stock Units - 2023 Award	Options Exercise		-31,736	-33%		63,475	01 Mar 2024	Common Stock	31,736		Direct	F1, F4
transaction	VZ	Restricted Stock Units - 2024 Award	Award	$0	+99,503		$0.000000	99,503	01 Mar 2024	Common Stock	99,503		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each 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 March 1, 2022.
F3	Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2023.
F4	Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.
F5	Each RSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest in three equal annual installments beginning on March 1, 2025.