Verizon (NYSE: VZ) CLO logs RSU conversions and tax share withholdings

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Verizon Communications executive vice president and chief legal officer Vandana Venkatesh reported multiple stock transactions on February 27, 2026. She acquired common shares through exercises of Restricted Stock Units from 2023, 2024, and 2025 awards, each RSU representing one share of common stock upon vesting.

To cover tax obligations, she disposed of shares through tax-withholding transactions at a price of $50.14 per share. After these moves, she directly owned 83,315 shares of Verizon common stock and indirectly held 6,527 shares through a 401(k) plan. The RSU awards vest in three equal annual installments beginning on March 1 of 2024, 2025, and 2026, subject to their agreements.

Insider Trade Summary

47,948 shares exercised/converted

Mixed 10 txns

Insider Venkatesh Vandana

Role EVP and Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units - 2023 Award	14,884	$0.00	--
Exercise	Restricted Stock Units - 2024 Award	16,997	$0.00	--
Exercise	Restricted Stock Units - 2025 Award	16,067	$0.00	--
Exercise	Common Stock	14,884	$0.00	--
Tax Withholding	Common Stock	7,264	$50.14	$364K
Exercise	Common Stock	16,997	$0.00	--
Tax Withholding	Common Stock	8,295	$50.14	$416K
Exercise	Common Stock	16,067	$0.00	--
Tax Withholding	Common Stock	8,747	$50.14	$439K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units - 2023 Award — 0 shares (Direct); Restricted Stock Units - 2024 Award — 16,996 shares (Direct); Restricted Stock Units - 2025 Award — 32,135 shares (Direct); Common Stock — 74,557 shares (Direct); Common Stock — 6,527 shares (Indirect, By 401(k))

Footnotes (1)

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. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 12:35 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Venkatesh Vandana

(Last)

(First)

(Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/27/2026		M		14,884	A	⁽¹⁾	74,557	D
Common Stock	02/27/2026		F		7,264	D	$50.14	67,293	D
Common Stock	02/27/2026		M		16,997	A	⁽¹⁾	84,290	D
Common Stock	02/27/2026		F		8,295	D	$50.14	75,995	D
Common Stock	02/27/2026		M		16,067	A	⁽¹⁾	92,062	D
Common Stock	02/27/2026		F		8,747	D	$50.14	83,315	D
Common Stock								6,527	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units - 2023 Award	⁽¹⁾	02/27/2026		M			14,884	⁽²⁾	⁽²⁾	Common Stock	14,884	⁽¹⁾	0	D
Restricted Stock Units - 2024 Award	⁽¹⁾	02/27/2026		M			16,997	⁽³⁾	⁽³⁾	Common Stock	16,997	⁽¹⁾	16,996	D
Restricted Stock Units - 2025 Award	⁽¹⁾	02/27/2026		M			16,067	⁽⁴⁾	⁽⁴⁾	Common Stock	16,067	⁽¹⁾	32,135	D

Explanation of Responses:

1. 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.

2. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.

3. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025.

4. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Vandana Venkatesh	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Verizon (VZ) executive Vandana Venkatesh report in this Form 4?

Vandana Venkatesh reported exercises of Restricted Stock Units into Verizon common shares and related tax-withholding dispositions. These transactions reflect equity compensation vesting and do not represent open-market purchases or sales, but rather the conversion of RSUs and shares withheld to satisfy tax obligations.

How many Verizon (VZ) shares does Vandana Venkatesh own after the reported transactions?

After the reported transactions, Vandana Venkatesh directly owns 83,315 shares of Verizon common stock and indirectly holds 6,527 shares through a 401(k) plan. These balances reflect the net result of RSU exercises and shares withheld for taxes on February 27, 2026.

Were any of Vandana Venkatesh’s Verizon (VZ) transactions open-market buys or sells?

The filing shows derivative exercises and tax-withholding dispositions, not open-market buys or sells. RSUs were converted into common shares at no exercise price, and some of those shares were delivered back to cover tax liabilities at a stated price of $50.14 per share.

What Verizon (VZ) equity awards are involved in Vandana Venkatesh’s Form 4?

The Form 4 involves Restricted Stock Units from 2023, 2024, and 2025 Verizon awards. Each RSU entitles the holder to one share of common stock upon vesting, with vesting in three equal annual installments beginning March 1, 2024, 2025, and 2026, respectively.

How were taxes handled in Vandana Venkatesh’s Verizon (VZ) RSU transactions?

Taxes were satisfied through share withholding transactions coded as “F.” In these, Verizon common shares were delivered at a price of $50.14 per share to pay tax liabilities tied to RSU vesting and exercises, rather than using separate cash payments.

What does the indirect Verizon (VZ) ownership in Vandana Venkatesh’s filing represent?

The indirect ownership consists of 6,527 Verizon shares held by a 401(k) plan. This is reported as indirect because the shares are owned within the retirement plan, rather than held directly in a standard brokerage or personal account in her own name.