Ellis Matthew D. 4
4 · VERIZON COMMUNICATIONS INC · Filed Mar 6, 2023
Insider Transaction Report
Form 4
Ellis Matthew D.
EVP and CFO
Transactions
- Exercise/Conversion
Common Stock
2023-03-02+16,892→ 179,282 total - Tax Payment
Common Stock
2023-03-02$38.41/sh−8,641$331,901→ 170,641 total - Exercise/Conversion
Restricted Stock Units - 2020 Award
2023-03-02−16,892→ 0 total→ Common Stock (16,892 underlying) - Award
Phantom Stock (unitized)
2023-03-02$10.96/sh+130.528$1,431→ 76,526.802 total(indirect: By Deferred Compensation Plan)→ Common Stock (37 underlying)
Holdings
- 1,138(indirect: By 401(k))
Common Stock
Footnotes (4)
- [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 2, 2021.
- [F3]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.
- [F4]Includes phantom stock acquired through dividend reinvestment.