Vestberg Hans Erik 4

4 · VERIZON COMMUNICATIONS INC · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Verizon (VZ) Director Hans Vestberg Exercises RSUs, Withholds Shares

What Happened

Hans Erik Vestberg, a Verizon director, had multiple Restricted Stock Units (RSUs vest) on Feb 27, 2026, resulting in the exercise/conversion of 182,701 RSUs into common shares. To satisfy tax withholding obligations, 101,077 shares were withheld/disposed at $50.14 per share, representing about $5.07 million in value. The transaction left Vestberg with a net delivery of approximately 81,624 shares to him.

Key Details

Transaction date: February 27, 2026; Form filed March 3, 2026 (covers those transactions).
RSUs converted (acquired): 61,661 + 54,764 + 66,276 = 182,701 shares.
Shares withheld/disposed to cover taxes (F): 34,114 + 30,298 + 36,665 = 101,077 shares at $50.14 each, total ≈ $5,068,001.
Net shares delivered to insider after withholding: ~81,624 shares.
Footnotes: F1 = each RSU = right to one common share; F2–F4 describe RSU vesting schedules (three equal annual installments beginning March 1, 2024 / 2025 / 2026).
Filing does not state shares owned after the transaction in the provided summary.

Context

These entries reflect RSU vesting and tax-withholding (code M for exercise/conversion of derivative; code F for payment of tax liability via share withholding). The withheld shares are routine tax settlements, not an open-market sale that necessarily signals a change in insider sentiment. This is a common post-vesting cashless tax-withholding treatment rather than a discretionary market sale.

Form 4

Period: 2026-02-27

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+61,661→ 206,730 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−34,114$1,710,476→ 172,616 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+54,764→ 227,380 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−30,298$1,519,142→ 197,082 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+66,276→ 263,358 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−36,665$1,838,383→ 226,693 total
Exercise/Conversion
Restricted Stock Units - 2023 Award
[F1][F2]
2026-02-27−61,661→ 0 total
→ Common Stock (61,661 underlying)
Exercise/Conversion
Restricted Stock Units - 2024 Award
[F1][F3]
2026-02-27−54,764→ 54,764 total
→ Common Stock (54,764 underlying)
Exercise/Conversion
Restricted Stock Units - 2025 Award
[F1][F4]
2026-02-27−66,276→ 132,553 total
→ Common Stock (66,276 underlying)

Holdings

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 1, 2024.
[F3]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025.
[F4]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.

Signature

Evgeniya Berezkina, Attorney-in-fact for Hans Erik Vestberg|2026-03-03

1 file