secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2026-01-12T23:59:59+00:00
Accession:  0001193125-26-010395
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000119312526010395/0001193125-26-010395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000119312526010395/d66114d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-010395

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