---
schema_version: "secwatch.filing_event.v1"
accession: "0000732712-25-000015"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2025-03-19T23:59:59+00:00"
generated_at: "2026-05-24T12:35:41.502135+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000732712-25-000015
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2025-03-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000073271225000015/0000732712-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000073271225000015/vz-20250318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000732712-25-000015
- JSON: https://secwatch.observer/filing/0000732712-25-000015.json
- Plain text: https://secwatch.observer/filing/0000732712-25-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.