Verizon Communications 8-K

Summary

Executive compensation amendment. Verizon updated the terms of Daniel H. Schulman’s $30 million target-value performance stock unit award, moving its grant to the first quarter of 2026 and setting performance and vesting terms through 2027.

Key Figures

• $30 million target-value award; scheduled for grant on the date the committee makes its annual long-term incentive grants to Verizon executive officers in Q1 2026.
• Vesting, to the extent earned, is scheduled for 12/31/2027 and generally requires continued employment through that date.
• 50% of the award is tied to adjusted EPS targets set by the committee, measured through 12/31/2027. The other 50% is tied to Verizon’s total shareholder return relative to a comparator group set at grant, split into two equal tranches that may each be earned at 0–200% of target: one measured from 10/17/2025 through 12/31/2026 and the other from 10/17/2025 through 12/31/2027.