leadership
confidence high
sentiment neutral
materiality 0.55
Verizon CEO Schulman receives $1.5M salary, $30M PSU; execs get $4M retention RSUs
VERIZON COMMUNICATIONS INC
- CEO annual base salary of $1.5M; target short-term incentive 250% of salary, prorated for FY2025.
- RSU grant of $9.5M (forfeited comp make-whole) vests Dec 31, 2026; $20M RSU vests Dec 31, 2027.
- $30M PSU (TSR-based) in two tranches, 0-200% payout, vest Dec 31, 2027; supplemental PSU of 222,222 units with share price goals from $55 to $75.
- One-time retention RSU of $4M each for EVP Verizon Consumer Sampath and CFO Skiadas; vest Dec 31, 2027.
- CEO eligible for succession-event severance including remaining salary and STI through Dec 31, 2027.