REED MARC C 4
4 · VERIZON COMMUNICATIONS INC · Filed Mar 5, 2019
Insider Transaction Report
Form 4
REED MARC C
EVP - Human Resources
Transactions
- Exercise/Conversion
Common Stock
2019-03-03+11,678→ 134,163 total - Exercise/Conversion
Restricted Stock Units - 2017-2020 Award Cycle
2019-03-03−11,678→ 11,678 total→ Common Stock (11,678 underlying) - Tax Payment
Common Stock
2019-03-03$56.96/sh−5,974$340,279→ 128,189 total
Holdings
- 2,931(indirect: By Trust)
Common Stock
- 6,565(indirect: By 401(k))
Common Stock
Footnotes (2)
- [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, unless deferred into the reporting person's deferred compensation plan account at the election of the reporting person. To the extent deferred, each RSU represents the right to have an amount equal to the value of one share of common stock on the payment date credited to the reporting person's deferred compensation plan account and deemed invested in a hypothetical cash-based investment option.
- [F2]Subject to the terms of the Restricted Stock Unit Agreement, the RSUs vest in three equal annual installments beginning on March 3, 2018.