Verizon amends PSU award terms for exec Daniel H. Schulman; $30M target, Q1 2026 grant

VERIZON COMMUNICATIONS INC

Amendment to Oct 13, 2025 letter agreement approved Jan 8, 2026 for Daniel H. Schulman.
$30M target PSU award to be granted in Q1 2026 on annual LTIP grant date, vests Dec 31, 2027.
50% vests on adjusted EPS targets over period ending Dec 31, 2027.
50% vests on relative TSR (comparator group) in two tranches: 0-200% of target, periods ending Dec 31, 2026 and Dec 31, 2027.
All other terms of the prior letter agreement remain unchanged.

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