Malady Kyle 4

What Happened

• Kyle Malady, EVP and Group CEO — VZ Business, received 119,409 shares on Feb 11, 2026 upon vesting of Performance Stock Units (PSUs).
• To satisfy tax withholding, 58,030 of those shares were withheld/disposed at $48.97 per share, generating $2,841,729. The award had no per‑share purchase price (grant/vesting).

Key Details

• Transaction date: 2026-02-11 (report filed 2026-02-13, Period of Report 2026-02-11). Filing appears timely.
• Award: 119,409 shares issued upon PSU vesting (code A).
• Withholding: 58,030 shares withheld/disposed for tax liability at $48.97 (code F), proceeds $2,841,729.
• Shares owned after the transaction: not specified in the filing excerpt provided.
• Footnote: F1 — these shares were issued upon vesting of PSUs subject to performance criteria other than the issuer's stock price (i.e., performance-based awards).
• Transaction type note: the "disposal" here is tax withholding (cashless withholding), not an open-market sale.

Context

• This filing reflects routine PSU vesting and tax withholding rather than an active decision to sell shares for investment reasons. PSUs vest based on performance metrics; withheld shares are commonly used to cover required taxes.