Malady Kyle 4

4 · VERIZON COMMUNICATIONS INC · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Verizon (VZ) EVP Kyle Malady Receives 100,287 Shares via RSU Conversion

What Happened

Kyle Malady, EVP and Group CEO — VZ Business, had three RSU awards convert into 100,287 shares on 2026-02-27 (reported on Form 4 filed 2026-03-03).
Of those, 50,708 shares were withheld to satisfy tax withholding at $50.14/share (tax withholding value $2,542,499), leaving a net 49,579 shares issued to him.
These were conversions of restricted stock units (RSUs), not open-market purchases or voluntary sales.

Key Details

Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (filed within the two-business-day reporting window).
RSUs converted (total): 100,287 shares.
Shares withheld for taxes (total): 50,708 shares at $50.14/share = $2,542,499.
Net shares received: 49,579.
Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay tax liability.
Shares owned after the transaction: not specified in the filing.
Footnotes: F1–F4 indicate these are RSUs (1 RSU = 1 share) with vesting schedules in three equal annual installments beginning March 1, 2024; March 1, 2025; and March 1, 2026, respectively.

Context

This was a routine RSU vesting event with company tax-withholding (a common administrative disposal of shares) — not an open-market sale or a buy. Such conversions and share-withholdings typically reflect compensation vesting rather than an insider sentiment trade.

Form 4

Period: 2026-02-27

EVP and Group CEO-VZ Business

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+34,020→ 95,407 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−16,602$832,424→ 78,805 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+34,936→ 113,741 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−17,049$854,837→ 96,692 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+31,331→ 128,023 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−17,057$855,238→ 110,966 total
Exercise/Conversion
Restricted Stock Units - 2023 Award
[F1][F2]
2026-02-27−34,020→ 0 total
→ Common Stock (34,020 underlying)
Exercise/Conversion
Restricted Stock Units - 2024 Award
[F1][F3]
2026-02-27−34,936→ 34,936 total
→ Common Stock (34,936 underlying)
Exercise/Conversion
Restricted Stock Units - 2025 Award
[F1][F4]
2026-02-27−31,331→ 62,662 total
→ Common Stock (31,331 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 Kyle Malady|2026-03-03

1 file