Russo Joseph J. 4

What Happened

• Joseph J. Russo, EVP & President — Global Networks & Technology at Verizon (VZ), was granted 84,926 restricted stock units (RSUs) on February 4, 2026. The report shows a grant price of $0.00 (derivative award — no cash exchanged at grant). Under the RSU terms, each unit represents the right to receive one share of Verizon common stock plus accrued dividends on the payment date.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely — within the 2-business-day reporting window).
• Grant: 84,926 RSUs; reported price $0.00 (award/derivative).
• Vesting: RSUs are subject to the RSU Agreement and are scheduled to vest on December 31, 2027 (see footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax-withholding, or sale noted in this filing.

Context

• RSUs are a form of equity compensation that convert to actual shares (and typically pay accrued dividends) on the vesting/payment date; they are not an open-market purchase or sale and do not indicate immediate buying or selling by the insider.
• Because no cash changed hands at grant, the filing reports $0.00 for the acquisition price. The eventual value to the insider will depend on Verizon’s share price at vesting and any applicable tax withholdings then.