secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K/A
Filed at:   2025-10-14T23:59:59+00:00
Accession:  0001193125-25-237997
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon CEO Schulman receives $1.5M salary, $30M PSU; execs get $4M retention RSUs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000119312525237997/0001193125-25-237997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000119312525237997/d51725d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-237997

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer