Vestberg Hans Erik 4

What Happened
Hans Erik Vestberg, a director of Verizon Communications (VZ), had 303,497 shares issued to him on 2026-02-11 upon the vesting of performance stock units (PSUs). To satisfy tax withholding obligations, 164,859 of those shares were disposed of at $48.97 per share, generating proceeds of approximately $8,073,145. The issuance is coded as an award/acquisition (A) and the withholding sale is coded as tax withholding (F).

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely filing).
• Award/acquisition: 303,497 shares issued upon PSU vesting (code A).
• Tax withholding/disposition: 164,859 shares withheld/disposed at $48.97 each for ~$8,073,145 (code F).
• Footnotes: F1 — shares issued upon vesting of PSUs tied to performance criteria (not stock-price-based). F2 — reflects transfers between the reporting person and grantor retained annuity trusts (exempt under Rule 16a-13).
• Shares owned after the transaction: not specified in the provided filing details.

Context
This was an issuance of vested performance-based awards followed by a routine tax-withholding sale of a portion of those shares. Tax-withholding dispositions are standard and do not necessarily indicate a discretionary sale for investment purposes. The filing indicates award vesting rather than an open-market purchase or voluntary sale.