Verizon EVP exercises RSUs, withholds shares for tax

Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, reported multiple equity award events involving restricted stock units and common stock.

Rhea-AI Filing Summary

Verizon Communications executive Kyle Malady, EVP and Group CEO–VZ Business, reported multiple equity award events involving restricted stock units and common stock. On the reported date, he exercised or converted RSUs from 2023, 2024, and 2025 awards into Verizon common stock, with no exercise price per share.

To cover tax obligations, shares of common stock were disposed of through tax-withholding transactions at a price of $50.14 per share. After these transactions, he directly owned 110,966 shares of Verizon common stock and indirectly held 19,605 shares through a 401(k) plan. The RSU awards vest in three equal annual installments beginning on March 1 of 2024, 2025, and 2026, respectively.

Insider Trade Summary

100,287 shares exercised/converted

Exercise 10 txns

Insider Malady Kyle

Role EVP and Group CEO-VZ Business

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units - 2023 Award	34,020	$0.00	$0.00
Exercise	Restricted Stock Units - 2024 Award	34,936	$0.00	$0.00
Exercise	Restricted Stock Units - 2025 Award	31,331	$0.00	$0.00
Exercise	Common Stock	34,020	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	16,602	$50.14	$832K
Exercise	Common Stock	34,936	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	17,049	$50.14	$855K
Exercise	Common Stock	31,331	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	17,057	$50.14	$855K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units - 2023 Award — 0 contracts (Direct); Restricted Stock Units - 2024 Award — 34,936 contracts (Direct); Restricted Stock Units - 2025 Award — 62,662 contracts (Direct); Common Stock — 110,966 shares (Direct); Common Stock — 19,605 shares (Indirect, By 401(k))

Footnotes (4)

1. 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.
2. F2. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.
3. F3. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025.
4. F4. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.

FAQ

What insider transactions did Verizon (VZ) executive Kyle Malady report on this Form 4?

Kyle Malady reported exercises or conversions of multiple restricted stock unit awards into Verizon common stock, along with related tax-withholding share dispositions. These events reflect equity compensation mechanics rather than open-market purchases or sales, and update his direct and indirect share ownership positions.

How many Verizon (VZ) shares does Kyle Malady hold after the reported Form 4 transactions?

After the reported transactions, Kyle Malady directly owned 110,966 shares of Verizon common stock. He also indirectly held 19,605 Verizon shares through a 401(k) plan, giving investors clarity on his updated direct and retirement-plan-linked ownership following the RSU-related activity.

What restricted stock unit awards are included in Kyle Malady’s Verizon (VZ) Form 4 filing?

The filing covers restricted stock units from 2023, 2024, and 2025 awards. Each RSU represents the right to receive one Verizon common share upon vesting and payment. These awards vest in three equal annual installments starting March 1 of 2024, 2025, and 2026, respectively.

How were taxes handled on Kyle Malady’s Verizon (VZ) RSU transactions in this Form 4?

Taxes were handled through tax-withholding dispositions coded as “F,” where Verizon shares were delivered at $50.14 per share to satisfy tax liabilities. This method avoids a separate cash payment and is a common approach for settling withholding obligations on vested equity awards.

Does Kyle Malady’s Verizon (VZ) Form 4 reflect open-market buying or selling of shares?

The Form 4 reflects derivative exercises or conversions of restricted stock units and tax-withholding share dispositions, not open-market buying or selling. Codes “M” and “F” indicate equity award mechanics and tax payments rather than discretionary trades on the public market.

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Accepted by SEC EDGAR 03/03/2026 - 12:23 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malady Kyle

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Group CEO-VZ Business

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		M		34,020	A	(1)	95,407	D
Common Stock	02/27/2026		F		16,602	D	$50.14	78,805	D
Common Stock	02/27/2026		M		34,936	A	(1)	113,741	D
Common Stock	02/27/2026		F		17,049	D	$50.14	96,692	D
Common Stock	02/27/2026		M		31,331	A	(1)	128,023	D
Common Stock	02/27/2026		F		17,057	D	$50.14	110,966	D
Common Stock								19,605	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units - 2023 Award	(1)	02/27/2026		M			34,020	(2)	(2)	Common Stock	34,020	(1)	0	D
Restricted Stock Units - 2024 Award	(1)	02/27/2026		M			34,936	(3)	(3)	Common Stock	34,936	(1)	34,936	D
Restricted Stock Units - 2025 Award	(1)	02/27/2026		M			31,331	(4)	(4)	Common Stock	31,331	(1)	62,662	D

Explanation of Responses:

1. 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.

2. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.

3. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025.

4. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Kyle Malady	03/03/2026
	** Signature of Reporting Person	Date
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