Verizon boosts CEO Vestberg's 2025 LTI to $25M; revises revenue classification and subscriber metrics

VERIZON COMMUNICATIONS INC

CEO Hans Vestberg's 2025 LTI target raised from $18M to $25M, split 67% PSUs and 33% RSUs.
Device protection/insurance revenues reclassified from Other to Wireless service revenue starting Q1 2025.
Second number offering excluded from wireless retail postpaid phone net additions and churn metrics.
Historical financials restated reflecting changes; no impact on total revenue or cash flow.
Full-year 2024 total wireless service revenue was $82.1B (restated).

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