Craig L. Silliman - May 31, 2024 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
EVP&Pres.-VZ Global Services
Signature
Brandon N. Egren, Attorney-in-fact for Craig L. Silliman
Stock symbol
VZ
Transactions as of
May 31, 2024
Transactions value $
-$299,978
Form type
4
Date filed
6/4/2024, 08:58 AM
Previous filing
Jun 3, 2024
Next filing
Jun 10, 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) Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$300K -25.6K -10.75% $11.74 212K May 31, 2024 Common Stock 7.29K 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. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan. The reporting person had the right to transfer the value of these shares into an alternative investment under the deferred compensation plan.
F2 Includes phantom stock acquired through dividend reinvestment.