Hans Vestberg exercises Verizon (NYSE: VZ) RSUs and withholds shares for taxes

Rhea-AI Filing Summary

Verizon Communications director Hans Erik Vestberg reported multiple equity award transactions dated February 27, 2026. He acquired common shares through the vesting and conversion of 2023, 2024, and 2025 Restricted Stock Unit awards, and had portions of those shares withheld at $50.14 per share to satisfy tax obligations. Following these transactions, he held common stock both directly and indirectly through various trusts and grantor retained annuity trusts.

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

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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^*

Vestberg Hans Erik

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		61,661	A	(1)	206,730	D
Common Stock	02/27/2026		F		34,114	D	$50.14	172,616	D
Common Stock	02/27/2026		M		54,764	A	(1)	227,380	D
Common Stock	02/27/2026		F		30,298	D	$50.14	197,082	D
Common Stock	02/27/2026		M		66,276	A	(1)	263,358	D
Common Stock	02/27/2026		F		36,665	D	$50.14	226,693	D
Common Stock								307,315	I	By grantor retained annuity trusts
Common Stock								13,024	I	By trust 1
Common Stock								13,023	I	By trust 2

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			61,661	(2)	(2)	Common Stock	61,661	(1)	0	D
Restricted Stock Units - 2024 Award	(1)	02/27/2026		M			54,764	(3)	(3)	Common Stock	54,764	(1)	54,764	D
Restricted Stock Units - 2025 Award	(1)	02/27/2026		M			66,276	(4)	(4)	Common Stock	66,276	(1)	132,553	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 Hans Erik Vestberg	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Hans Erik Vestberg report for Verizon (VZ)?

Hans Erik Vestberg reported RSU conversions into Verizon common stock and related share withholdings for taxes. Several 2023, 2024, and 2025 Restricted Stock Unit awards converted into shares, and some of those shares were delivered to cover tax liabilities at a set price per share.

How many Verizon RSU awards were involved in Hans Vestberg’s latest Form 4?

The filing shows three Verizon Restricted Stock Unit awards: 2023, 2024, and 2025 grants. Each award represents RSUs that convert one-for-one into common stock as they vest, creating new direct share holdings when vesting conditions and payment dates are met under the RSU agreements.

At what price were Verizon shares used to cover Hans Vestberg’s tax obligations?

Shares were delivered at $50.14 per share to satisfy tax liabilities tied to RSU conversions. These tax-withholding dispositions, coded “F,” indicate shares were withheld or delivered for taxes rather than sold in an open-market transaction, according to the transaction description provided.

Did Hans Vestberg’s Form 4 for Verizon (VZ) show share acquisitions or disposals?

The Form 4 reflects a mix of acquisitions and disposals. Vestberg acquired common stock through RSU exercises and conversions, while some shares were disposed of solely to pay tax obligations, classified as tax-withholding dispositions rather than regular open-market sales of Verizon stock.

How are Hans Vestberg’s Verizon RSUs structured according to the filing footnotes?

Each RSU represents the right to receive one Verizon common share on a payment date when vesting occurs. The 2023, 2024, and 2025 RSU awards vest in three equal annual installments beginning on March 1, 2024, March 1, 2025, and March 1, 2026, respectively.

What indirect Verizon share holdings related to Hans Vestberg are disclosed?

The Form 4 discloses indirect Verizon common stock holdings through grantor retained annuity trusts and two additional trusts. These indirect positions list share amounts after the reported date, indicating separate ownership vehicles associated with Vestberg beyond his directly held Verizon common stock.