Verizon (VZ) EVP Joseph Russo receives 44,544 RSU equity award grant

Rhea-AI Filing Summary

Russo Joseph J. reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Joseph J. Russo received a grant of 44,544 Restricted Stock Units as part of his 2026 award. Each RSU represents one share of common stock, plus accrued dividends, delivered when the units vest. The RSUs will vest in three equal annual installments beginning on March 1, 2027, aligning his compensation with Verizon’s long-term performance. This is a compensation-related equity award, not an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Russo Joseph J.

Role EVP&Pres-Global Networks&Tech

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - 2026 Award	44,544	$0.00	--

Holdings After Transaction: Restricted Stock Units - 2026 Award — 44,544 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 44,544 units Transaction price per unit: $0.00 RSUs after transaction: 44,544 units +2 more

5 metrics

RSUs granted 44,544 units Restricted Stock Units - 2026 Award granted to Joseph J. Russo

Transaction price per unit $0.00 Compensation grant, no cash paid by Russo

RSUs after transaction 44,544 units Total RSUs from this 2026 award following the grant

Underlying common shares 44,544 shares Each RSU equals one share of Verizon common stock

Vesting start date March 1, 2027 RSUs vest in three equal annual installments beginning on this date

Key Terms

Restricted Stock Unit (RSU), vest, accrued dividends, grant, award, or other acquisition, +1 more

5 terms

Restricted Stock Unit (RSU) financial

"Each Restricted Stock Unit (RSU) represents the right to receive one share"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

vest financial

"the RSUs will vest in three equal annual installments beginning on March 1, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

accrued dividends financial

"one share of common stock, plus accrued dividends, on the payment date"

Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Russo Joseph J.

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

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&Pres-Global Networks&Tech

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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

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 - 2026 Award	(1)	04/01/2026		A		44,544		(1)	(1)	Common Stock	44,544	$0	44,544	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest in three equal annual installments beginning on March 1, 2027.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Joseph J. Russo	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Verizon (VZ) executive Joseph J. Russo report in this Form 4?

Joseph J. Russo reported receiving a grant of 44,544 Restricted Stock Units as a 2026 award. These equity units are part of his compensation and are not an open-market stock purchase or sale, but a company-granted incentive tied to future vesting.

How many Verizon (VZ) Restricted Stock Units did Joseph J. Russo receive?

Joseph J. Russo received 44,544 Restricted Stock Units linked to Verizon common stock. Each unit represents the right to receive one share, plus accrued dividends, once it vests and is paid, making this a sizable long-term equity incentive grant from the company.

When do Joseph J. Russo’s Verizon (VZ) RSUs start vesting?

The RSUs will begin vesting on March 1, 2027, in three equal annual installments. This schedule means the award is designed to retain and incentivize Russo over multiple years, tying realized value to his continued service and Verizon’s longer-term performance.

Does Joseph J. Russo pay anything for these Verizon (VZ) RSUs?

The reported transaction price per unit is $0.00, indicating Russo did not pay cash to acquire these RSUs. They are a compensation grant from Verizon, rather than shares bought on the open market at a specific purchase price per share.

What does each Verizon (VZ) Restricted Stock Unit represent in this award?

Each Restricted Stock Unit represents the right to receive one share of Verizon common stock plus accrued dividends. Delivery occurs on the payment date tied to vesting, so the economic value depends on Verizon’s share price and dividends when the units vest.

Is this Verizon (VZ) Form 4 filing a stock sale by Joseph J. Russo?

No, this filing reports a grant of RSUs, not a sale. The transaction code A denotes a grant or award acquisition, so Russo is receiving 44,544 units as compensation rather than selling any Verizon common stock into the market.