Vestberg Hans Erik 4

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.