0001062993-24-013386.txt : 20240703
0001062993-24-013386.hdr.sgml : 20240703
20240703102946
ACCESSION NUMBER: 0001062993-24-013386
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20240701
FILED AS OF DATE: 20240703
DATE AS OF CHANGE: 20240703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Arumugavelu Shankar
CENTRAL INDEX KEY: 0001854908
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08606
FILM NUMBER: 241098554
MAIL ADDRESS:
STREET 1: 47488 KATO ROAD
CITY: FREMONT
STATE: CA
ZIP: 94538
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VERIZON COMMUNICATIONS INC
CENTRAL INDEX KEY: 0000732712
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 232259884
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1095 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: 212-395-1000
MAIL ADDRESS:
STREET 1: 1095 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10036
FORMER COMPANY:
FORMER CONFORMED NAME: BELL ATLANTIC CORP
DATE OF NAME CHANGE: 19920703
3
1
form3.xml
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
X0206
3
2024-07-01
0
0000732712
VERIZON COMMUNICATIONS INC
VZ
0001854908
Arumugavelu Shankar
VERIZON COMMUNICATIONS INC.
1095 AVENUE OF THE AMERICAS
NEW YORK
NY
10036
0
1
0
0
EVP-Verizon Global Services
Common Stock
204
I
By 401(k)
Phantom Stock (unitized)
Common Stock
56343
I
By Deferred Compensation Plan
Performance Stock Units - 2022 Award
Common Stock
16211
D
Restricted Stock Units - 2022 Award
Common Stock
7205
D
Restricted Stock Units - 2023 Award
Common Stock
33231
D
Special Restricted Stock Units - 2023 Award
Common Stock
30986
D
Restricted Stock Units - 2024 Award
Common Stock
79583
D
Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan. The number of shares is based upon 197,484.578 units held as of July 1, 2024.
Each Performance Stock Unit (PSU) represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the PSU vests. The PSUs will vest on December 31, 2024, subject to the terms of the PSU Agreement, which also provides for an additional number of units to vest if certain performance conditions unrelated to the price of the issuer's stock are achieved.
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 on March 1, 2025.
Each 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 two equal installments on March 1, 2025 and March 1, 2026, respectively.
Each Special 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 on October 16, 2025.
Each 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, 2025.
Brandon N. Egren, Attorney-in-fact for Shankar Arumugavelu
2024-07-03
EX-24
2
exhibit24.txt
POWER OF ATTORNEY
As of June 12, 2024
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: Power of Attorney
Ladies and Gentlemen:
The undersigned hereby authorizes each of William L. Horton, Jr.,
Brandon N. Egren, Evgeniya Berezkina and Veronica C. Glennon
to execute and file, on behalf of the undersigned, a Form ID
and any and all reports regarding transactions in the equity
securities of Verizon Communications Inc. pursuant to
Section 16 of the Securities Exchange Act of 1934, as amended. This
authority will remain in full force and effect until further written
notice.
/s/ Shankar Arumugavelu
_____________________________
Shankar Arumugavelu