Skiadas Anthony T. - 01 Mar 2024 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role: EVP and CFO
Signature: Brandon N. Egren, Attorney-in-fact for Anthony T. Skiadas
Issuer symbol: VZ
Transactions as of: 01 Mar 2024
Net transactions value: -$949,524
Form type: 4
Filing time: 05 Mar 2024, 10:18:31 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		+6,034	+9.6%		68,777	01 Mar 2024	Direct	F1
transaction	VZ	Common Stock	Tax liability	$118,389	-2,945	-4.3%	$40.20	65,832	01 Mar 2024	Direct
transaction	VZ	Common Stock	Options Exercise		+6,235	+9.5%		72,067	01 Mar 2024	Direct	F1
transaction	VZ	Common Stock	Tax liability	$122,329	-3,043	-4.2%	$40.20	69,024	01 Mar 2024	Direct
transaction	VZ	Common Stock	Options Exercise		+31,818	+46%		100,842	01 Mar 2024	Direct	F1
transaction	VZ	Common Stock	Tax liability	$708,806	-17,632	-17%	$40.20	83,210	01 Mar 2024	Direct
holding	VZ	Common Stock						2,591	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		-6,034	-100%		0	01 Mar 2024	Common Stock	6,034		Direct	F1, F2
transaction	VZ	Restricted Stock Units - 2022 Award	Options Exercise		-6,235	-50%		6,235	01 Mar 2024	Common Stock	6,235		Direct	F1, F3
transaction	VZ	Restricted Stock Units - 2023 Award	Options Exercise		-31,818	-33%		63,638	01 Mar 2024	Common Stock	31,818		Direct	F1, F4
transaction	VZ	Restricted Stock Units - 2024 Award	Award	$0	+84,578		$0.000000	84,578	01 Mar 2024	Common Stock	84,578		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.