---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-010395"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2026-01-12T23:59:59+00:00"
generated_at: "2026-05-16T10:59:18.944267+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-010395
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2026-01-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000119312526010395/0001193125-26-010395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000119312526010395/d66114d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-010395
- JSON: https://secwatch.observer/filing/0001193125-26-010395.json
- Plain text: https://secwatch.observer/filing/0001193125-26-010395.txt

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