Stillwell Mary-Lee 4

What Happened
Mary-Lee Stillwell, Senior Vice President and Controller of Verizon Communications (VZ), had restricted stock units (RSUs) convert into common shares on February 27, 2026. A total of 28,361 RSUs converted to 28,361 shares. To satisfy tax withholding, 12,093 shares were surrendered (disposed) at a reported per-share value of $50.14, representing $606,343 in tax withholding. The net shares delivered to Stillwell were 16,268 shares (28,361 converted minus 12,093 withheld). These transactions reflect unit vesting and tax-withholding, not an open-market sell or a purchase.

Key Details

• Transaction date: February 27, 2026. Form filed March 3, 2026 (timely).
• Conversion totals: 9,448 + 9,915 + 8,998 = 28,361 RSUs converted to shares.
• Shares withheld (disposed) for taxes: 3,880 + 4,306 + 3,907 = 12,093 shares at $50.14/share = $606,343.
• Net shares received: 16,268.
• Footnotes: F1 = each RSU = right to one common share on payment; F2–F4 describe three RSU tranches that vest in three equal annual installments beginning 3/1/2024, 3/1/2025, and 3/1/2026 respectively.
• Transaction codes: M = exercise/conversion of a derivative (conversion of RSUs to shares); F = payment of exercise price or tax liability (here, share withholding to cover taxes).
• Shares owned after the transaction are not listed in the provided excerpt of the filing.

Context
This was a routine RSU vesting and tax-withholding event (cashless share surrender) rather than an open-market sale or a purchase. Withholding shares to cover taxes is common and does not necessarily signal a change in the insider’s view of the company.