Russo Joseph J. 4

4 · VERIZON COMMUNICATIONS INC · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Verizon (VZ) EVP Joseph Russo Converts RSUs, Sells 24,543 Shares

What Happened

Joseph J. Russo, EVP & President — Global Networks & Technology at Verizon (VZ), had restricted stock units (RSUs) convert into common stock on Feb 27, 2026. A total of 48,711 RSUs were settled (19,003 + 16,051 + 13,657).
To satisfy tax withholding, 24,543 shares were surrendered/disposed at a withholding price of $50.14 per share, producing proceeds of $1,230,587. After withholding, Russo received 24,168 net shares.

Key Details

Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (timely filing).
Conversion totals: 48,711 RSUs converted to common stock.
Shares withheld for taxes (disposed): 24,543 shares at $50.14 per share; total tax payment/consideration = $1,230,587.
Net shares issued to insider: 24,168 shares (48,711 converted − 24,543 withheld).
Footnotes: RSUs represent the right to receive one share at settlement. Vesting schedules noted in the filing indicate these RSUs vest in three equal annual installments beginning March 1, 2024 / 2025 / 2026 (per footnotes F1–F4).
Shares owned after the transaction: not specified in the provided filing summary.

Context

This was a standard RSU settlement with shares withheld to cover tax obligations (a common, routine disposition), not an open-market sale signaling a trading decision. Derivative-coded entries (M) reflect exercise/conversion of RSU awards; F-coded entries reflect shares withheld/used to pay the tax liability.

Form 4

Period: 2026-02-27

EVP&Pres-Global Networks&Tech

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+19,003→ 86,965 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−9,275$465,049→ 77,690 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+16,051→ 93,741 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−7,833$392,747→ 85,908 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+13,657→ 99,565 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−7,435$372,791→ 92,130 total
Exercise/Conversion
Restricted Stock Units - 2023 Award
[F1][F2]
2026-02-27−19,003→ 0 total
→ Common Stock (19,003 underlying)
Exercise/Conversion
Restricted Stock Units - 2024 Award
[F1][F3]
2026-02-27−16,051→ 16,053 total
→ Common Stock (16,051 underlying)
Exercise/Conversion
Restricted Stock Units - 2025 Award
[F1][F4]
2026-02-27−13,657→ 27,314 total
→ Common Stock (13,657 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 Joseph J. Russo|2026-03-03

1 file